https://www.coindesk.com/business/2023/03/23/do-kwon-arrested-in-montenegro-interior-minister/

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Finance

Do Kwon Arrested in Montenegro: Interior Minister

The suspect was detained at the Podgorica airport with falsified
documents, said Filip Adzic.

By Parikshit Mishra, Jack Schickler
AccessTimeIconMar 23, 2023 at 1:34 p.m. UTC
Updated Mar 23, 2023 at 4:52 p.m. UTC
    
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place
in Austin, Texas, April 26-28.
Secure Your Seat
    
 
CoinDesk - Unknown

Parikshit Mishra

Parikshit Mishra is the news editor for CoinDesk during the mid Asia
and early European hours. He does not have any crypto holdings.

 

Follow @parikshitm899 on Twitter

 
CoinDesk - Unknown

Jack Schickler

Jack Schickler is a CoinDesk reporter focused on crypto regulations,
based in Brussels, Belgium. He doesn't own any crypto.

 

Follow @jackschickler on Twitter

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place
in Austin, Texas, April 26-28.
Secure Your Seat

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.

"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.

CoinDesk has reached out to the Montenegro government for comment.

UPDATE (March 23, 13:38 UTC): Adds details throughout.

UPDATE (March 23, 13:54 UTC): Adds details, links.

UPDATE (March 23, 14:37 UTC): Adds details from Yonhap

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do
not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets
and the future of money, CoinDesk is a media outlet that strives for
the highest journalistic standards and abides by a strict set of
editorial policies. CoinDesk is an independent operating subsidiary
of Digital Currency Group, which invests in cryptocurrencies and
blockchain startups. As part of their compensation, certain CoinDesk
employees, including editorial employees, may receive exposure to DCG
equity in the form of stock appreciation rights, which vest over a
multi-year period. CoinDesk journalists are not allowed to purchase
stock outright in DCG.

 
CoinDesk - Unknown

Parikshit Mishra

Parikshit Mishra is the news editor for CoinDesk during the mid Asia
and early European hours. He does not have any crypto holdings.

 

Follow @parikshitm899 on Twitter

 
CoinDesk - Unknown

Jack Schickler

Jack Schickler is a CoinDesk reporter focused on crypto regulations,
based in Brussels, Belgium. He doesn't own any crypto.

 

Follow @jackschickler on Twitter

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Parikshit Mishra is the news editor for CoinDesk during the mid Asia
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Follow @parikshitm899 on Twitter

 
CoinDesk - Unknown

Jack Schickler

Jack Schickler is a CoinDesk reporter focused on crypto regulations,
based in Brussels, Belgium. He doesn't own any crypto.

 

Follow @jackschickler on Twitter

---------------------------------------------------------------------
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