Terraform Labs Founder Do Kwon Arrested In Montenegro (coindesk.com) 20
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. CoinDesk reports: "Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs," Adzic tweeted. Kwon has been the target of several investigations and was even on Interpol's red notice after stablecoin terraUSD (UST) and its $40 billion ecosystem imploded last year, sending shockwaves across the crypto markets. The suspect was detained at the Podgorica airport with falsified documents, Adzic added, saying he was still waiting for official confirmation of identity.
The Korean National Police Agency said that it had confirmed the suspect appeared to be Kwon based on checking age, name, and nationality of his ID card, according to a report by the Yonhap news agency. The unverified account of Adzic is followed by the official account of the prime minister of Montenegro, Dritan Abazovic. The tweet announcing Kwon's arrest was also retweeted by Abazovic's account. Adzic's account has previously been cited in official tweets.
The Korean National Police Agency said that it had confirmed the suspect appeared to be Kwon based on checking age, name, and nationality of his ID card, according to a report by the Yonhap news agency. The unverified account of Adzic is followed by the official account of the prime minister of Montenegro, Dritan Abazovic. The tweet announcing Kwon's arrest was also retweeted by Abazovic's account. Adzic's account has previously been cited in official tweets.
If he had just changed his name... (Score:4, Funny)
If he had changed to Tae Kwon Do .. the police would've never found him!!!!
Terraform? (Score:2)
Terraform? Probably is blowback from the LV426 disaster...
Siberia (Score:2)
Being in Siberia was a better story, much more of an evil kingpin move.
Re: (Score:2)
Would've been dangerous, Putin has a track record of eliminating all evil kingpins that could threaten his own position.
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Do is no threat to Putin. Oligarch of crypto maybe.
Flying? (Score:3)
One of their most wanted fugitives, and he's dumb enough to be using airports and taking flights.
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Could be his double; a paid fall-guy.
Re: Flying? (Score:2)
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Note to self: Upon attaining Evil Billionaire status, purchase luxury yacht first.
Living like a crypto king on a sunny Asian island (Score:2)
Kwon must have been living like a king in some remote Asian island called Montenegro with that stash of crypto!
Can you imagine him sitting on the beach, sipping some nice cocktail while flipping some bitcoins towards the locals?
Re:Living like a crypto king on a sunny Asian isla (Score:5, Informative)
Montenegro [wikipedia.org] is a country in Southeastern Europe, formerly a part of Yugoslavia.
Apparently, the "remote Asian island" you are looking for seems to be Serbia, [translate.goog] which borders Montenegro.
Kwon got caught with a fake Costa Rican passport during passport control while trying to take flight to Dubai.
Fake Belgian and South Korean passports were also found on him and his travel companion.
South Korean authorities have reported last December they believed that he was hiding in Serbia.
Montenegro has no record of him entering the state, so it's a pretty good chance he snuck across the border.
Montenegro? (Score:2)
That's an odd place to be. It would be interesting to find out how he got there in the first place.
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He was known to have been in Serbia earlier. There South Korean investigators already arrived to actively hunt him. Serbia doesn't have an extradition treaty with Korea (not sure why he thought that would save him, perhaps watched too many movies) and it neighbors Montenegro so that isn't hard to reach. Apparently he was trying to fly out from Montenegro to a different country. I wonder where he was attempting to go.
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Okay, so based on an earlier post, it looks like he may have arrived in Serbia by way of Belgium. Maybe? He had a fake Belgian passport.
Ghosn (Score:2)
C'mon Ghosn showed the way to get this done.
https://www.bbc.com/news/busin... [bbc.com]
Upon arrest, Kwon was quoted as saying, (Score:3)
What is he charged with (Score:2)
Losing a lot of people a lot of money on cryptocurrency should not in itself be a crime. Everyone knew it's a risky, new area.
Caveat emptor.
What is the specific crime? Anyone able to sketch it out accurately?
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Calling something crypto isn't magic words that cause other existing laws to not apply simply because blockchain.
Most, if not all crypto assets are likely securities. Luna certainly was. Were any security laws followed? Probably not. The losing people tons of money is more likely why they are charging him with the crimes he'd been guilty of for years. Its just easier for people to accept prosecuting people who lost than people that are still winning, even if they are omitting the same crime
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Thoughts?
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