Crypto Firm Founder Do Kwon Arrested in Montenegro, Confirms Interior Minister.

Do Kwon, the founder of Terraform Labs, has been arrested in Montenegro in connection with a $40 billion crash of the firm's cryptocurrency that devastated retail investors around the world. Kwon and five others connected to Terraform are wanted because of allegations of fraud and financial crimes in relation to the implosion of its digital currencies in May 2022. South Korea had asked Interpol in September to circulate a "red notice" for the 31-year-old across the agency's 195 member nations to find and apprehend him.