Do Kwon was reportedly arrested in Montenegro. After months of fleeing interpol arrest, Montenegro’s Interior Minister Filip Adzic’s Twitter account said police had detained a man suspected of being Do Kwon, who was classified as one of the fugitives. Most Wanted in the World
The statement added that he was arrested at the local airport. in which he forged travel documents to be another person
However, his identity has not been officially confirmed.
Currently, Do Kwon is facing investigations in the United States and his native South Korea. After the breakup of LUNA and UST last May. This caused tens of billions of dollars worth of damage to the crypto market.
by the previous The South Korean Police Agency Coordinated in issuing arrest warrants with the Interpol or Interpol by Do Kwon has traveled to escape in many countries. which he tried to cover up traces of travel At the same time, Do Kwon himself has issued a series of tweets from time to time. do not have to escape But it’s not convenient to turn yourself in and reveal your address. due to safety concerns
The Interpol Organization (Interpol) has issued a red notice to announce the arrest of Do Kwon, coordinated with all countries around the world that have common criminal law conventions. It has been requested to find and arrest him before he is extradited.
While Do Kwon himself questioned the arrest notice, Is there really an announcement to arrest him? Because he couldn’t find a declaration on Interpol’s website.
This is after the crisis of the crypto market last year. Several investigations and allegations have been filed against Terra Form Lab and Do Kwon management. which after issuing a summons and an arrest warrant Do Kwon’s passport was revoked, though Do Kwon caught up and fled to Singapore before the South Korean authorities issued a warrant for his arrest. In which he fled abroad, the government of his citizenship revoked his passport. Making escape travel on international routes very challenging.
However, during Do Kwon’s escape, he mocked the inefficiency of law enforcement in their inability to track down and arrest him. In which he boasted that he was in a department store. and is having fun shopping and strolling, as well as meeting people in public where some of his followers will see where he is.
Although later, at the end of last year South Korean officials received intelligence that Do Kwon fled to Serbia. According to the investigation, it was found that he was actually trying to divert attention to escape to Montenegro.
Last month, the SEC added charges against Do Kwon and Terraform Labs that “A multibillion-dollar cryptoasset fraud involving stablecoins and algorithmic manipulation has been planned and prepared. And securities and other cryptoasset for themselves to benefit “
Meanwhile, UST, an algorithmic stablecoin, collapsed over the span of a week. After a speculative approach to maintaining a dollar peg using free-floating LUNA tokens failed. Causing both coins to fall so quickly that they were negative, as of 10:28 p.m., the LUNA coin price moved to 0.0043 baht / coin.
Law enforcement agencies, however, have also sought to hold Terraform Labs and Do Kwon “accountable for their role in the damage caused to the collapse of Terra, which led to the bankruptcy of retail and institutional investors and sent the United States to the ground.” Extreme volatility in the crypto market.”
As at the time, SEC Director of Enforcement Gurbir Grewal said: “The Terra Form lab ecosystem is not decentralized or financial. It’s just a scam triggered by an algorithm known as ‘stablecoin’ whose price is controlled by the people behind it. Not any code.”
However, there is currently no information on when or where the extradition will take place.