Do Kwon, the co-founder of Terraform Labs, who has been on the run since the $40 billion collapse of the Terra-Luna ecosystem in May, has been reportedly arrested by the local police in Montenegro.

  • According to a tweet by Montenegro’s minister of interior, Filip Adzic, the police apprehended someone suspected of being Kwon at the Podgorica airport, and authorities are waiting for official confirmation of identity.
  • Recall that Kwon was reportedly last seen in Serbia after leaving Dubai in December as he continued to run from authorities. It is worth noting that Montenegro shares its borders with Serbia.
  • South Korea’s Ministry of Justice requested the Serbian government’s assistance in finding Kwon if he was truly in the country.
  • Minister Adzic disclosed that the suspect detained at the airport was caught 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,” the minister said.

  • The U.S., Singapore, and South Korea are currently demanding the arrested individual.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.