Report: Do Kwon Arrested in Montenegro

Do Kwon, co-founder and CEO of Terraform Labs (TFL), has been arrested in Montenegro, according to Bankless, citing a tweet from Filip Adzic, Monentegro's Minister of Interior.

❗ Why It Matters

Kwon has been on the run or "not on the run" since the $40 billion collapse of Luna and UST last May, and in September, Kwon was issued a "red notice" while Interpol asked other agencies for help in locating TFL's co-founder.

🔎The Deets

Details are scarce at the moment as this is a developing story. Kwon was reportedly arrested at a local airport with "falsified documents", according to Adzic. A translation of Adzic's announcement reads, "One of the world's most wanted fugitives was arrested in Podgorica. 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 Terrform Labs."

Stay tuned for further updates as additional details come to light.

Author Bio

Bill Monighetti

Lucky Trader COO

A web3 degen with a soft spot for pixel art, Bill previously served a variety of roles at FantasyLabs/The Action Network including product manager and NFL news reporter. Red-pilled into NFTs by NBA Top Shot during the winter of 2020.

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