Do Kwon,Gina Wild - Jetzt wird es schmutzig 5 (2000) the former CEO and co-founder of cryptocurrency company Terraform Labs, has reportedly been captured by authorities in Montenegro after months of being on the run.
The news broke following a statement posted by the Interior Minister of Montenegro, Filip Adzic, to his Twitter account.
"ONE OF THE WORLD'S MOST WANTED FUGITIVES WAS ARRESTED IN PODGORICA," tweetedAdzic in all caps on Thursday. "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."
This Tweet is currently unavailable. It might be loading or has been removed.
"The former 'cryptocurrency king,' who is behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and the same is claimed by South Korea, the USA and Singapore," he continued. "We are waiting for official confirmation of identity."
Things all came crumbling down for Do Kwon back in May of last year after the cryptocurrencies his company had created – stablecoin Terra and its sister token Luna – failed. At the time, Terra was one of the biggest stablecoins within the cryptocurrency ecosystem. Its failure created a domino effect which tanked the entire crypto market. Do Kwon attempted to resuscitate his failing crypto empire, but that turned out to be unsuccessful.
Subsequent investigations into Do Kwon and his operation eventually resulted in South Korean prosecutors charging Do Kwon and other associates with violatingcapital markets laws. A warrant was issued for his arrest in September, however, the cryptocurrency CEO could not be located. Later that month, Interpol issueda "red notice," officially categorizing Do Kwon as an international fugitive, wanted by law enforcement around the globe.
Communicating through social media, Do Kwon insisted he was not on the run even though South Korean prosecutors claimed he was. It was reportedat the time that Do Kwon was allegedly hiding out in Serbia, a country that does not have an extradition treaty with South Korea.
In addition to the charges from South Korean prosecutors, the U.S. Securities and Exchange Commission (SEC) also chargedDo Kwon last month, alleging that he had defrauded investors with crypto schemes.
Topics Cryptocurrency
Contingent No More
What Our Contributors Are Reading This Spring by The Paris Review
Dorothea Lange’s Angel of History by Rebecca Solnit
Our Motto by Maira Kalman
Stablecoin bill advances in U.S. Senate as Trump critics call to end his crypto dealings
Staff Picks: Kentuckis, Kerchiefs, and Choreography by The Paris Review
Staff Picks: Kentuckis, Kerchiefs, and Choreography by The Paris Review
The Fascinating Origins of Greyhound Racing by Michael LaPointe
Waitin’ on the Student Debt Jubilee
Ninja Blender deal for $59.99 at Amazon
No Time for a Negative Peace
Poets on Couches: Mark Wunderlich by Mark Wunderlich
Best soundbar deal: Amazon Fire TV Soundbar for under $100
Is 'The Iron Claw' a good wrestling movie?
The Mismeasure of Media
iRobot deal: Save 35% on the iRobot Roomba Combo i5
Jericho Brown Reads His Pulitzer Prize–Winning Poems by The Paris Review
The Great Bird Search by Nicolette Polek
Bargaining For the Common Good
Poets on Couches: Carl Phillips by Carl Phillips
Trump wants to send humans back to the moonWhen to buy a Mac: Best times to buy MacBook or iMacSan Juan mayor fires back at Trump official's claim about Puerto RicoApple developed monster chip for Apple Car project, report saysHow to turn read receipts on or off on InstagramWatch Ryan Gosling perform 'I'm Just Ken' at the Oscars9 intriguing UFO claims the Pentagon just refuted as bogusPinterest's body type search helps users find more sizeRapper B.o.B. is raising money for satellites to show him if the Earth is actually roundBest smartphone deal: Get the Google Pixel 8 for just $539.99 at Woot!'Oppenheimer' wins Best Picture at the 2024 OscarsJohn Mulaney's 'Field of Dreams' Oscars bit proves he should've hostedPinterest's body type search helps users find more sizeApple AirPods Pro might get a 'hearing aid' feature with iOS 18Pinterest's body type search helps users find more sizeNintendo officially confirms another 'Super Mario Bros.' movie is on the wayApple developed monster chip for Apple Car project, report says'Manipulated' photo of Kate Middleton pulled by media agencies. Why?Rihanna bashes Donald Trump's reaction to Puerto Rico's humanitarian crisisElon Musk wants SpaceX to fly you anywhere on Earth in under an hour Nutella fans, rejoice: the 'Nutella burger' has arrived Google's new Pixel phone hacked in 60 seconds Instagram's next big feature will be live video Hey, Facebook: Social media really can change what people believe Facebook says it's not a media company, but it just bought a tool for publishers This musician changed his stage name because of Trump Millions wait for hours outside banks as India transitions to new currency notes Facebook: We made a 'terrible error' when we killed everyone China may leave the U.S. behind on climate change due to Trump Next Spectacles vending machine location will be revealed Sunday Men of the people Donald Trump and Nigel Farage pose in golden elevator Trump mouthpiece Lewandowski leaves CNN, reports directly to Trump Tower Trump won this election with turnout at a 20 Saturday Night Live opens with Hillary Clinton, Leonard Cohen tribute Silicon Valley billionaire slums it with government job iPhone 8 rumored to have larger, curved screens that extend to the edges Black students barraged by terrifying hate text messages Dave Chappelle appears with A Tribe Called Quest in first 'SNL' promo National Sundae Day has come not a moment too soon Hillary's messaging is also to blame for President Trump
2.2327s , 8220.09375 kb
Copyright © 2025 Powered by 【Gina Wild - Jetzt wird es schmutzig 5 (2000)】,Unobstructed Information Network