Do Kwon arrested in Montenegro

Do Kwon arrested in Montenegro

125
Author: Robert Strickland (crypto expert)
Subscribe

Do Kwon arrested in Montenegro
Do Kwon, the alleged founder of Terraform Labs and creator of the UST token, arrested in Montenegro
The detention of a man who resembles the wanted fugitive was announced by the country's Interior Minister Filip Adzic

Do Kwon, the alleged founder of Terraform Labs, has been arrested in Montenegro, according to the country's Interior Minister Filip Adzic. The creator of cryptocurrencies Terra (UST) and Luna, which collapsed the cryptocurrency market in May 2022, has been wanted by Interpol for months.

According to him, the former "cryptocurrency king" behind more than $40 billion in losses was detained at Podgorica airport with fake documents. Official confirmation of the identity is pending.

Other news

Chapter Hut 8 CEO Discusses Banks' Interest in Buying Bitcoin from Miners
Expect volatility. What will happen to Bitcoin in the coming week?
The head of BlackRock has stated about the potential of Bitcoin
Withdrawals from the Bitcoin ETF amounted to $800 million. What does this mean for the market?
Coinbase predicts a slowdown in Bitcoin price growth
Adoption Stage: How BlackRock's CEO Embraced Bitcoin
Trustpilot