<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.</div>



<p class="has-drop-cap">Several hours after Montenegrin Minister of the Interior, Filip Adzic, tweeted that Terraform Labs’ founder Do Kwon was arrested in the country’s capital, the police issued an official confirmation. A local outlet also <a href="https://www.pobjeda.me/clanak/jedan-od-najtrazenijih-svjetskih-bjegunaca-uhapsen-u-podgorici" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">reported</a> that Kwon was arrested along with Hon Chang Joon, Terraform’s Chief Financial Officer.</p>



<h3 id="montenegrin-police-arrests-do-kwon-for-trying-to-cross-the-border-with-fake-documents">Montenegrin Police Arrests Do Kwon For Trying to Cross the Border With Fake Documents</h3>



<p>Around 2 PM, local time, the Montenegrin Minister of the Interior, FIlip Adzic, <a href="https://twitter.com/filip_adzic/status/1638886164118802432" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">announced</a> on Twitter the arrest of a person believed to be Terraform Labs’ founder Do Kwon. A local report from later in the afternoon revealed that the police not only confirmed the arrestee is, indeed, Do Kwon, but that they have also detained another individual identified as the company’s CFO, Hon Chang Joon.</p>



<p>The two were detained while attempting to get on a flight to Dubai using fake Costa Rican documents. A search also uncovered falsified Belgian papers in the two fugitives’ luggage. Additionally, the police also seized three laptops and five mobile phones from the detainees. Additionally, the report indicates the two crossed the Montenegrin border illegally as there are no records of them entering the country.&nbsp;</p>



<p>While Montenegro doesn’t have an extradition agreement with South Korea, it is a signatory of the European Convention on Extradition meaning he will likely be delivered to the RoK. In late December, it was <a href="https://tokenist.com/do-kwon-resident-in-serbia-likely-to-challenge-extradition-report/" rel="dofollow" class="deco-link">reported that Do Kwon is hiding in Serbia</a>, a country that shares a border with Montenegro. It is likely that Kwon was able to cross the border due to the relatively porose borders between the countries.</p>


<div class="cta-referral">

			<img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
	
	<div class="cta-referral__text">
		<p>Join our <a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a> and never miss a breaking digital asset story.</p>

	</div>

</div>


<h3 id="the-year-long-search-for-kwon-ends-in-podgorica">The Year-Long Search For Kwon Ends in Podgorica</h3>



<p>Do Kwon is mainly sought after by the South Korean authorities due to his role in the catastrophic LUNA collapse that occurred in May 2022. The <a href="https://www.forbes.com/sites/qai/2022/09/20/what-really-happened-to-luna-crypto/#:~:text=The%20Luna%20crypto%20network%20collapsed%20in%20what's%20considered%20the%20largest,and%20the%20actual%20Luna%20coin." target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">calamity wiped out an estimated $60 billion</a> worth of investment and reportedly drove multiple people to suicide. The search for Do Kwon became international last September when <a href="https://www.nytimes.com/2022/09/26/business/interpol-do-kwon-korea-crypto.html#:~:text=Kwon%20was%20%E2%80%9Cobviously%20on%20the,will%20need%20to%20be%20repatriated." target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">Interpol issued a red notice</a> for his arrest.</p>



<p>South Korean authorities again escalated the manhunt in October by revoking Kwon’s passport. In November, they also came out with the <a href="https://tokenist.com/korean-prosecutors-claim-to-have-proof-do-kwon-manipulated-luna-prices/" rel="dofollow" class="deco-link">claim they have proof he manipulated the price of LUNA</a>. Throughout the period, Terraform’s former CEO gave several interviews and repeatedly <a href="https://twitter.com/stablekwon/status/1571197156907679745" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">claimed he was neither on the run nor in hiding</a>. </p>



<p>In early 2023, nearly a year after the crash, the US Securities and Exchange Commission <a href="https://tokenist.com/sec-sues-do-kwon-and-tfl-for-crypto-fraud-9-months-after-40b-collapse/" rel="dofollow" class="deco-link">filed its complaint against Kwon and Terraform Labs</a> alleging they were guilty of orchestrating a multibillion-dollar cryptocurrency fraud. By early March, reports that the <a href="https://tokenist.com/doj-probing-do-kwon-jane-street-and-jump-over-luna-crash/" class="deco-link">DoJ is also currently investigating the company</a> and its CEO started emerging.</p>


<div class="cta-sub js__cta-sub">

	<div class="cta-sub__start" data-step="1">

					<div class="cta-sub__title"><strong>Finance is changing.</strong></div>
							<div class="cta-sub__subtitle">Learn how, with Five Minute Finance.</div>
							<div class="cta-sub__excerpt">A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.</div>
							<button type="button" class="btn">Try it out (for free)</button>
			</div>

	<div class="cta-sub__form" data-step="2" style="display: none;">
									<script type="text/javascript"
						src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&#038;webforms_id=zw3Wv"></script>
						</div>

	<div class="cta-sub__result" data-step="3" style="display: none;">
		<div class="cta-sub__title">Awesome</div>
		<div class="cta-sub__caption">You&#8217;ve subscribed.</div>
		<div class="cta-sub__greeting">You&#8217;re well on your way to being in the know.</div>
	</div>

</div>



<p><strong><em>Do you think Montenegro will extradite Do Kwon to South Korea? Let us know in the comments below.</em></strong></p>
<p>The post <a rel="nofollow" href="https://tokenist.com/montenegrin-police-confirms-arrest-of-do-kwon-along-with-terras-cfo/">Montenegrin Police Confirms Arrest of Do Kwon Along With Terra’s CFO</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Montenegrin Police Confirms Arrest of Do Kwon Along With Terra’s CFO

Table of Contents

TokenInsight

Andre artikler udgivet 23. mar. 2023

UAE Central Bank Launches its Digital Dirham Strategy

Arbitrum token launches amid turbulence

Do Kwon Arrested in Montenegro, Faces US Criminal Fraud Charges

Monsterra MSTR Token Hack Update. Detection and Solution!

AgeOfGods gets listed on Bitrue

79% of Votes Opt to Keep Reserves in USDC in Recent MakerDAO Proposal

Join our free newsletter for daily crypto updates!