According to the Interior Minister of Montenegro, Do Kwon was arrested at Podgorica airport in possession of false identity documents. It is difficult to determine what happened next, as Montenegro does not have an extradition agreement with South Korea. However, Do Kwon should still be brought to justice, the latter being the subject of a red notice by Interpol.
End of course for Do Kwon?
According to the Interior Minister of Montenegro, Do Kwon was reportedly arrested at Podgorica airport, the capital of the country, with falsified identity documents. The Minister specifies that a “final confirmation” of the identity must be carried out.
U PODGORICI UHAPŠEN JEDAN OD NAJTRAŽENIJIH SVJETSKIH BJEGUNACA
Crnogrska policija lišila je slobode lice za koje se sumnja da je jedan od najtraženijih bjegunaca, južnokorejski državljanin Do Kwon, suosnivač i izvršni direktor Terraform Labs sa sjedištem u Singapuru.
—Filip Adzic (@filip_adzic) March 23, 2023
” […] Montenegrin police have arrested a person believed to be one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs. The former ‘cryptocurrency king’, who is responsible for losses exceeding $40 billion, was arrested at Podgorica airport with falsified documents and is wanted by South Korea, the states States and Singapore. We are awaiting official confirmation of his identity. »
Do Kwon is wanted internationally, since it is the subject of a red notice issued by Interpolan arrest warrant in South Korea and a class action lawsuit in the United States, among others.
In the last news, the founder of Terra had taken refuge in Serbia at the end of last year, according to South Korean authorities. Information that seems to be true, Serbia being a neighboring country of Montenegroand the territories are both located on the Balkan Peninsula in Southern Europe.
However, no extradition agreement currently exists between Serbia and South Korea, which moreover must have justified this choice of destination for Do Kwon. Montenegro does not have an agreement to this effect either.but the country has already complied with extradition requests for US nationals.
The price of the LUNA was only slightly affected, having first fallen before rising almost to its initial value.
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