Abstract:

• The Inside Minister of Montenegro Filip Adzic tweeted that an individual suspected to be Terraform Labs CEO Do Kwon was arrested in Podgorica on Thursday.
• Fugitive Do Kwon was arrested at a Podgorica airport with falsified paperwork, Minister Adzic disclosed as authorities awaited official identification affirmation of the suspect.
• An official from South Korea’s Nationwide Police Company hinted that the suspect is almost certainly the Terraform CEO after picture information was in contrast.
• Kwon who disappeared after Terra eroded $40 billion in investments beforehand stated he was not on the run and had nothing to cover from regulation enforcement.

An individual suspected to be Terraform Labs founder and worldwide fugitive Do Kwon was arrested in Montenegro on Thursday, Inside Minister Filip Adzic shared on Twitter. The information was first reported by Bankless citing Minster Adzic’s tweet.

In line with the Minister, Kwon was arrested with falsified paperwork at an airport in Montenegro’s capital metropolis of Podgorica. Whereas the suspect was detained, Minister Adzic famous that authorities had been finishing up an official affirmation of identification. Governments from Singapore, South Korea, and the U.S. already contacted Montenegrin relating to the arrest, per studies.

The previous “cryptocurrency king”, who’s behind losses of greater than 40 billion {dollars}, was detained on the Podgorica airport with falsified paperwork, and South Korea, the USA and Singapore are demanding the identical. We’re ready for official affirmation of identification. 2/2

– Translated from Minister Filip Adzic’s Thursday thread on Do Kwon’s arrest.

“I’m not on the run“ – Do Kwon

A report from South Korean information company Yonhap after the arrest stated native authorities contacted Montenegro police for fingerprint information to substantiate the suspect’s identification. A spokesperson for Korea’s Nationwide Police Company famous that the detainee shared the identical age, nationality, and title as Kwon after an ID card was examined.

South Korean authorities invalidated Kwon’s passport and issued an arrest warrant for the Terraform CEO after he did not reply a Congressional summon. Legislation enforcement additionally launched investigations into Terra’s $40 billion crash and key figures within the firm like co-founder Daniel Shin.

Do Kwon who is needed by Interpol and South Korean police beforehand stated he was not on the run and had nothing to cover from authorities businesses.