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Crypto fugitive and Terraform Labs founder Do Kwon has been arrested in the small Balkan nation of Montenegro, Interpol has confirmed. Interpol's national central bureau in Seoul, South Korea, told CNN on Friday that his identity was confirmed through a fingerprint match.
The founder of the crypto Terra, Do Kwon, was arrested in Montenegro at the airport in the capital Podgorica in possession of false documents.
Do Kwon, co-founder of Terraform Labs, was detained at an airport in Podgorica, Montenegro on Thursday, South Korean prosecutors and Interpol have now confirmed his identity. South Korea, the U.S., and Singapore seek extradition of Do Kwon.
He is already facing SEC's civil charges for fraud. He was arrested on Thursday by Montenegro police.
A once-promising crypto entrepreneur has become the latest fugitive on the run from the law.
Terraform Labs CEO Do Kwon and former Chai Corporation CEO Shin Hyun-seung (aka Daniel Shin) founded a company involved in the crypto-asset business in Serbia.
US prosecutors will seek the extradition on fraud charges of Terraform Labs co-founder Do Kwon after his arrest in Montenegro. Kwon helped create the TerraUSD stablecoin which collapsed last May triggering a $40 billion cryptocurrency implosion.
Hours after Terraform Labs founder Do Kwon was arrested by police in Montenegro, New York, federal prosecutors charged him with five criminal charges related to fraud.
The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.
Do Kwon has been charged with securities fraud, wire fraud and commodities fraud, the indictment shows
Federal prosecutors charged Terraform Labs CEO Do Kwon with fraud after he was arrested in Montenegro.
Terra network's native tokens dropped slightly amid reports of founder Do Kwon getting arrested in Montenegro on March 23.
An official in Montenegro said a person suspected to be TerraUS developer Do Kwon was arrested Thursday at the airport carrying falsified documents.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, James Lavish, managing partner at The Bitcoin Opportunity Fund, discusses crypto price moves following the Fed's latest rate hike.
On March 23, Montenegro's Minister of the Interior, Filip Adzic, announced that a suspect believed to be Terra Luna co-founder Do Kwon had been arrested within Montenegro's borders.
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.
Terra Classic (LUNC) has been suffering since the unfortunate event that happened in May 2022. After the network's collapse, the cryptocurrency lost over 99% of its value.
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.
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.
