Fugitive 'cryptocurrency king' behind 2022's $40B crash arrested fleeing Montenegro with fake documents
pcgamer.comDo Kwon, former crypto darling and now fugitive, has been arrested in Montenegro. Kwon was the driving force behind and public face for the TerraUSD stablecoin and the Luna cryptocurrency, the collapse of which saw an estimated $40 billion in value disappear overnight. Late last year South Korea issued an arrest warrant for Kwon(opens in new tab), who swiftly went into hiding while publicly denying he was in hiding. I guess that's one good use for Twitter.
Kwon's arrest was announced by Montenegro's interior minister Filip Adzic, also on Twitter, who said(opens in new tab) (via machine translation) «Montenegrin police have detained a person suspected of being one of the world's most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.
»The former 'cryptocurrency king', who is behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and South Korea, the USA and Singapore are demanding [his extradition]."
Kwon was attempting to get to Dubai using a fake Costa Rican passport, and was also in possession of a fake Belgian passport. Adzic said the authorities were waiting for official confirmation of Kwon's identity, and South Korean police have subsequently verified that the arrested man's fingerprints match their records. As well as being sought-after by South Korea, Kwon is also wanted in Singapore, and in February US prosecutors announced they would charge him with fraud: Specifically securities fraud, wire fraud, commodities fraud and conspiracy, per the indictment.
It had been thought that Do Kwon was in Serbia, which shares a border with Montenegro, and the South Koreans had even gone as far as sending officials to
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