Over the last several months, law enforcement agencies all across the globe have been actively searching for Kwon. Read it on.
- Law enforcement agencies all across the globe have been actively searching for Kwon.
- Do Kwon was reportedly apprehended at the Podgorica airport.
Over the last several months, law enforcement agencies all across the globe have been actively searching for Kwon. By mid-2022, the crypto market had suffered extensive losses as a result of the Terra network’s failure and its knock-on effects. Kwon was reportedly apprehended at the Podgorica airport. This is according to a statement released by the Montenegrin Ministry of the Interior.
One interpretation of the minister’s remarks reads as follows:
“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.”
U.S SEC Filed a Lawsuit
Moreover, the CEO of Terraform Labs denied being “on the run” last year. In September 2022, he addressed rumors to the contrary by saying the following. At the time, Kwon said he was working closely with the appropriate authorities.
Gary Gensler, the head of the Securities and Exchange Commission, had said that Kwon did not offer investors sufficient information on the ‘crypto asset securities’ LUNA and Terra USD.