Terraform Labs co-founder Do Kwon has been arrested in Montenegro, the country’s Interior Minister Filip Adzic tweeted.
He has been the subject of multiple investigations and an Interpol arrangement in 2022 after the collapse of stablecoin TerraUSD (UST) and its $40 billion ecosystem shocked the cryptocurrency market. Also listed.
Azić said the suspect was detained at Podgorica airport. At the time, he had forged documents and is currently awaiting formal confirmation of his identity.
The South Korean National Police Agency has confirmed that the suspect is Kwon based on the suspect’s age, name and nationality, Yonhap News reported.
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.
— Filip Adzic (@filip_adzic) March 23, 2023
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Do Kwon (Terra)
｜Original: Do Kwon Arrested in Montenegro: Interior Minister