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The disgraced founder of embattled stablecoin issuer Terra (LUNA) has reportedly been arrested in Montenegro after months of being on the run. According to a new report by local Korean media outlet Yonhap News Agency, former Terra chief executive Do Kwon has been apprehended by authorities in the Balkan nation.
Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 The founder of Terraform Labs, Do Kwon, appears to have been arrested in Montenegro, according to a tweet by the country's minister of interior, Filip Adzic.
The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses.
After living on the run for six months, the Terraform Labs CEO was finally apprehended in Montenegro.
According to Montenegro's interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect.
Minister of the Interior of Montenegro, Filip Adzic, on Thursday, announced the arrest of an individual suspected to be Do Kwon , co-founder of Terra Luna (CRYPTO: LUNA), within the Balkan nation's borders. Local news outlet Vijesti later confirmed the tweet's authenticity and that the arrested person was a South Korean national.
Alliance, an open-source Cosmos SDK module that leverages interchain staking to form economic alliances among blockchains, has launched on Terra's Pisco testnet.
A person suspected to be Do Kwon, founder of the Terra blockchain that collapsed in spectacular fashion last year, was arrested in Montenegro, Yonhap reported, citing police.
South Korean officials have confirmed the arrest of Terra founder Do Kwon, a central figure in the Terra-Luna coin scandal, according to a report by Yonhap.
The Interior Minister of Montenegro Filip Adzic tweeted that a person suspected to be Terraform Labs CEO Do Kwon was arrested in Podgorica on Thursday.Fugitive Do Kwon was arrested at a Podgorica airport with falsified documents, Minister Adzic disclosed noted as authorities awaited official identity confirmation of the suspect.An official from South Korea's National Police Agency hinted that the suspect is most likely the Terraform CEO after photo data was compared.Kwon who disappeared after Terra eroded $40 billion in investments previously said he was not on the run and had nothing to hide from law enforcement. A person suspected to be Terraform Labs founder and international fugitive Do Kwon was arrested in Montenegro on Thursday, Interior Minister Filip Adzic shared on Twitter.
The Montenegrin Minister of Interior has announced that Do Kwon, the co-founder and former CEO of Terraform Labs, has been arrested in Montenegro after a prolonged manhunt. Kwon had reportedly been hiding in Serbia before being apprehended by the authorities in the neighboring country.
South Korean authorities had previously issued Terra's co-founder and CEO Do Kwon an arrest warrant last September.
Police in Montenegro have detained a person thought to be Do Kwon, an international fugitive accused of defrauding investors in a multibillion-dollar cryptocurrency scheme, the country's interior minister said on Thursday.
Three countries, including the U.S., are currently demanding for the arrested suspect.
The former founder was arrested at the airport for “falsified documents”
Do Kwon, the man behind Terraform Labs, has been arrested in Montenegro. Kwon was traveling with falsified documents when he was detained by Montenegrin authorities.
Do Kwon, co-founder of Terraform Labs, has reportedly been arrested in Montenegro. Kwon has been on Interpol and South Korean authorities' radar for his alleged involvement in the collapse of the Terra ecosystem.
Montenegrin police unexpectedly captured Do Kwon, the notorious crypto fugitive who's been out of the picture for a year.
Montenegrin police have apprehended an individual suspected of being one of the most wanted fugitives in the world — Do Kwon, a South Korean national, co-founder, and CEO of Terraform Labs based in Singapore.
Terra (LUNA) price tumbled 8% after reports on Terra co-founder Do Kwon's arrest reached the Terra community. Surprisingly, Terra Classic (LUNC) price also fell steeply by 4% despite Do Kwon and the community separating after the Terra-LUNA crisis.
After the prolonged manhunt for Do Kwon, who was reportedly hiding in Serbia, the police in the neighboring country of Montenegro have arrested the co-founder and former CEO of the disgraced company Terraform Labs, according to the Montenegrin Minister of Interior.
Terra founder and crypto fugitive Do Kwon has been allegedly arrested in Montenegro.
According to the Montenegrin Interior Minister's Twitter account, Montenegrin police have detained Do Kwon, the founder of Terra, for falsifying documents.
Terra blockchain's native luna tokens fell 8% amid reports of founder Do Kwon getting arrested in Montenegro, according to a tweet by the country's minister of interior Filip Adzic.
