JUST

Terra

Foundation

<p>Do Kwon, founder of Terra Luna and it&#8217;s native stablecoin $UST, has been arrested, according to a <a href="https://www.yna.co.kr/view/AKR20230323179251004?input=feed_police">Korean news site Yonhap.</a> </p>



<p>The article states that Do was arrested on the 23rd of March by Montenegro authorities, and that police are currently waiting for fingerprint identification to verify his identity.</p>



<p><strong><em>An official from the National Police Agency said, &#8220;I confirmed the age, nationality, and name of the person&#8217;s identification card, and that it was the same person as the representative of the volume as a photographic material.&#8221;</em></strong></p>



<p>Also Read: <a href="https://chaindebrief.com/i-bet-big-and-i-think-i-lost-do-kwon-tells-all-in-exclusive-interview/">“I Bet Big And I Think I Lost” Do Kwon Tells All In Exclusive Interview</a></p>



<h2 id="what-is-do-kwon-up-to">What is Do Kwon Up To?</h2>



<p>This arrest follows Do Kwon claiming on Twitter that he was still in his Singaporean residence, and was not currently on the run. </p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Yeah no i did not <a href="https://t.co/4fDO5dLoeI">https://t.co/4fDO5dLoeI</a></p>&mdash; Do Kwon <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@stablekwon) <a href="https://twitter.com/stablekwon/status/1529431359449493504?ref_src=twsrc%5Etfw">May 25, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>He was also spotted publicly denying<a href="https://chaindebrief.com/sec-sues-do-kwon-claims-he-cashed-out-100m-in-bitcoin-from-luna-foundation-guard/"> allegations from the SEC </a>that he stole over $100M in Bitcoin from the Luna Foundation Guard, and various rumors that he was campaigning for the return of Luna 2.0.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">This is fairly public knowledge at this point, but the large currency contraction that UST went through in Feb 2021 was started by Alameda, when they sold 500mm UST in minutes to drain its curve pools during the MIM crisis</p>&mdash; Do Kwon <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@stablekwon) <a href="https://twitter.com/stablekwon/status/1600677169721528320?ref_src=twsrc%5Etfw">December 8, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Aside from that, he has also been letting his followers know that Sam Bankman-Fried and Alameda Research were responsible for the downfall of UST.</p>



<p></p>



<p><strong>Also Read: </strong><a href="https://chaindebrief.com/do-kwon-martin-shkreli-gives-ftx-crisis-management-tips/">Do Kwon, Martin Shkreli Give FTX Crisis Management Tips</a></p>



<p><em>[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]</em></p>



<p><em>Featured Image Credit:&nbsp;</em>Bloomberg</p>



<p></p>

JUST IN: Terra’s Do Kwon Arrested in Montenegro

Table of Contents

Chain Debrief

Other articles published on Mar 23, 2023

Yuga Labs Rolls Out Employee Badges for Authenticity

ANIPANG Match Begins its Global Service!

👨‍💻 Attention all developers! We’re launching Scuba, the new Reef Testnet!

Transfer Disclosure (1,500,001 WEMIX)

Hashflow: “1inch [is] a core destination in DeFi”

Transfer Disclosure (1,420 WEMIX)

Join our free newsletter for daily crypto updates!