Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister

According to Montenegro’s interior curate Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended astatine Podgorica airdrome allegedly bearing falsified documentation. Adzic added that investigators are “waiting for authoritative confirmation of his identity” aft Montenegrin constabulary detained the accused suspect.

Terra Co-Founder Reportedly Arrested successful Montenegro astatine Podgorica Airport With False Documents

Terraform Labs co-founder Do Kwon has reportedly been arrested successful Montenegro, according to the country’s interior curate Filip Adzic. The Montenegrin authoritative shared 2 tweets connected Thursday conscionable earlier 9 a.m. Eastern Time.

“In Podgorica, 1 of the astir wanted satellite fugitives was arrested,” Adzic stated. “Montenegrin constabulary person detained a idiosyncratic suspected of being 1 of the astir wanted fugitives, South Korean national Do Kwon, co-founder and CEO of Terraform Labs based successful Singapore,” the interior curate added.

Do Kwon, who was precocious sued by the U.S. Securities and Exchange Commission and his steadfast Terraform Labs, has reportedly been hiding for immoderate time. Some suspected Kwon was hiding successful Singapore, portion others thought the Terraform Labs CEO was successful Dubai. Some reports suggested Kwon was successful Serbia. The SEC accuses Kwon and Terraform Labs of committing a multibillion-dollar fraud cognition and selling unregistered securities.

“The erstwhile ‘king of cryptocurrencies’, who is down losses greater than 40 cardinal dollars, was detained astatine Podgorica airdrome with forged documents and is sought by South Korea, the United States, and Singapore,” Adzic further explained connected Twitter. “We are waiting for authoritative confirmation of identity,” the Montenegrin person added.

The Montenegrin authorities and interior curate Filip Adzic person yet to corroborate the existent individuality of the arrested individual. This communicative is inactive processing and volition beryllium updated with immoderate authoritative confirmations of the individuality of the idiosyncratic detained successful Montenegro.

What are your thoughts connected the caller apprehension of Terraform Labs co-founder Do Kwon successful Montenegro? Share your opinions successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.