Montenegro Interior Minister Announced Arrest Of Terra-Luna Founder Do Kwon!

Ben
Thu, 23 Mar 2023 16:33:19 +0000
Bankruptcies, Crypto Schemes, Crypto Winter, Law Enforcement, 3AC, Celsius Network, Do Kwon, Filip Adzic, FTX, Terra-Luna, Three Arrows Capital, Voyager Digital

Do Kwon, the co-founder of the failed TerraUSD stablecoin, has been arrested in Montenegro after months of hiding, Montenegro Interior Minister Filip Adzic said on Twitter. The suspect was detained in the airport of the country’s capital of Podgorica with false documents. In September, South Korean authorities issued a warrant for Kwon’s arrest in September. The U.S. Justice Department is investigating the collapse of TerraUSD, WSJ reports.

U PODGORICI UHAPŠEN JEDAN OD NAJTRAŽENIJIH SVJETSKIH BJEGUNACA

Crnogrska policija lišila je slobode lice za koje se sumnja da je jedan od najtraženijih bjegunaca, južnokorejski državljanin Do Kwon, suosnivač i izvršni direktor Terraform Labs sa sjedištem u Singapuru.
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— Filip Adzic (@filip_adzic) March 23, 2023

The collapse of the $40 billion ecosystem around Terra-Luna in May 2022 started the Crypto Winter and was the first domino that subsequently led other major crypto schemes such as Three Arrows Capital (3AC), Celsius Network, Voyager Digital, and ultimately FTX into bankruptcy.