Home News Terra Creator Do Kwon Reportedly Arrested at Montenegro Airport

Terra Creator Do Kwon Reportedly Arrested at Montenegro Airport

Terra Creator Do Kwon Reportedly Arrested at Montenegro Airport

Do Kwon, the founding father of Terraform Labs, has reportedly been arrested in Montenegro, in accordance with a neighborhood authorities official.

Thursday morning, Filip Adzic, the inside minister of Montenegro, tweeted in Bosnian that Kwon was arrested on the airport of Podgorica, the capital of Montenegro, with falsified paperwork. Adzic added that they’re awaiting official affirmation of Kwon’s identification.

Montenegro’s Inside Ministry didn’t instantly reply to an electronic mail asking for affirmation. His cellphone quantity was unreachable. The Interpol web site had no replace on Kwon’s arrest. Interpol didn’t instantly reply to an electronic mail searching for remark.

Nonetheless, evidently the individual arrested was certainly Kwon. Korea’s information company, Yonhap, quoted a Nationwide Police Company official as saying, “We checked the age, nationality and title with the ID card the individual had, and confirmed that ‘it was the identical individual as CEO Kwon with photograph information’.

Kwon has been beneath investigation for 11 months for the reason that Terra/LUNA collapse, which worn out an estimated $40 billion from the cryptocurrency market.

In mid-September, Kwon tweeted“I’m not ‘on the run’ or something like that – to any authorities company that has expressed an curiosity in speaking, we’re in full cooperation and don’t have anything to cover.”

“We’re defending ourselves in a number of jurisdictions – we’ve held ourselves to a particularly excessive bar of integrity and sit up for clarifying the reality over the approaching months,” he stated on the time.

Whereas Kwon declined to say he was not hiding from authorities, prosecutors have refuted these claims.

In late September, his whereabouts had been unknown and Interpol issued a pink discover asking legislation enforcement world wide to seek for and arrest him. Shortly thereafter, the South Korean authorities ordered Kwon to give up his passport or threat revoking it.

Do Kwon stated the fees in opposition to him by South Korean prosecutors should not professional and are politically motivated, forexcryptozone beforehand reported.

“Every sovereign nation can interpret the pink discover as they see match,” he instructed reporter Laura Shin on her Unchained podcast in mid-October. On the time, he stated he deliberate to succeed in out, attraction and do no matter it takes to get a “higher consequence”.

Quick ahead to February, South Korean prosecutors traveled to Serbia, suspecting that was the place Kwon was staying. In mid-February, the U.S. Securities and Alternate Fee accused Terraform Labs and Kwon of defrauding U.S. traders who purchased its crypto property, LUNA, and the not-so-stable stablecoin, Terra.


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