The months-long escape adventure of Terra (LUNA) founder Do Kwon has finally come to an end. Montenegrin police caught Kwon at Podgorica Airport, who lost billions of dollars to cryptocurrency investors. The United States, South Korea and Singapore are seeking Kwon’s extradition.
Founder of Terra (LUNA), who caused one of the biggest crashes in the cryptocurrency community Do Kwon finally caught. According to the information obtained about arrest warrant Kwon was captured in Podgorica, the capital of Montenegro. On Do Kwon captured at Podgorica Airport forged documents are also included in the descriptions.
Do Kwon, head of the Terraform Labs team, once said, “crypto kingwas called ‘. Terra (Luna) Kwon, who made millions in a short time with the cryptocurrency named Kwon, is stuck in a corner due to the collapse of his ecosystem’s algorithmic stablecoin UST. Do Kwon, who has been among the names sought by many countries for a while, finally caught.
Only responsible for billions of dollars lost!
Most of the stablecoins that have been released store real money as much as the minted amount. But things got stuck when Kwon relied on an algorithm instead. The fact that the algorithm began to sell a large amount of Terra (LUNA) made investors lose. At the end of the work, one of the biggest collapses of the crypto money world took place. what happened, billions of dollars lost had caused. As such, the United States, South Korea, and Singapore captured Do Kwon and to be returned was in motion for it. It has already been a matter of curiosity to which country Kwon will be delivered.
Montenegrin Interior Minister Filip Adzic made the announcement!
Statement on Do Kwon’s arrest, Montenegrin Minister of Interior Filip Adzic It was done by. Adzic used the following statements in his post on Twitter:
One of the world’s most wanted fugitives has been arrested in Podgorica. Montenegrin police have arrested a suspect suspected of being one of the most wanted fugitives, South Korean national Do Kwon, co-founder and CEO of Singapore-based Terraform Labs. The former “crypto money king”, who is behind the loss of more than $ 40 billion, is detained at Podgorica Airport with false documents, while South Korea, the USA and Singapore demand his extradition. We are waiting for official authentication.
If there is a new development on the subject, we will keep you informed.
If you want to remember what happened in the past:
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