Do Kwon, the Co-Founder of the
collapsed stablecoin issuer, Terraform Labs, has been arrested by police
authorities in Montenegro, Filip Adzic, the country’s Interior Minister
disclosed on Thursday. According to Adzic, Kwon was arrested at the Podgorica
Airport and was found with falsified documents.
“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,”
Adzic tweeted on Thursday in a Croatian language (translated by Google).
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.
1/2— Filip Adzic (@filip_adzic) March 23, 2023
Yonhap News Agency, a local
Korean news wire, reported that an official from the national police agency
“confirmed that he was the same person as CEO Kwon” by using photo data. Local
police also checked for the age, nationality and name of the arrested person using the
identification card in his possession, the outlet said.
“We are waiting for official
confirmation of identity,” Adzic, on his part, wrote in the tweet.
Kwon ran algorithmic stablecoin TerraUSD
(UST) and associated token LUNA starting April 2018. He…
