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Towards the end of last week, Do Kwon was arrested in Podgorica, Montenegro. He and a companion were set to board a private flight to Dubai. According to authorities, they were using forged Costa Rican passports. Alongside, they were carrying falsified travel documents. Prior to the arrest, regulatory and enforcement authorities from around the world were on the lookout for Kwon. In fact, International Criminal Police Organization [Interpol] had also issued a Red Notice against the Terra founder in September last year. A recent report from DefiLlama’s news arm—DL News—revealed that Kwon registered a company in Serbia just three weeks after the Interpol notice. Official records from the Serbian Business Registry reportedly reveal that Kwon started a company called “Codokoj22 d.o.o. Beograd” on Oct. 12, 2022. The report clarified that it is “not possible” to search the Serbian Business Registry by the names of the individuals. Nevertheless, Registry officials confirmed to...

The former blockchain executive is wanted by Interpol for his role in the $40 billion collapse of the Terra Luna ecosystem during May 2022. According to an unconfirmed post from Filip Adzic, minister of the interior of Montenegro, an individual suspected of being Terra Luna co -founder Do Kwon has been arrested within the territory of the Balkan nation on Mar. 23. Since the announcement was first made, local news outlet Vijesti has confirmed that the Twitter account that made the announcement is from the minister of the interior of Montenegro and that the individual arrested was a South Korean national.  "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." As told by Adzic, an individual suspected of being the former "cryptocurrency king" was detained at the Podgorica airport with "falsified documents," and authorities are aw...