Crypto Fugitive Do Kwon Arrested in Montenegro, Extradition Hearing Pending

1 min read
Source: CoinDesk
Crypto Fugitive Do Kwon Arrested in Montenegro, Extradition Hearing Pending
Photo: CoinDesk
TL;DR Summary

Do Kwon, the founder of Terraform Labs, has been charged with forgery in Montenegro and is due in court for extradition proceedings. Kwon has been on the run following the collapse of stablecoin terraUSD, which caused shockwaves in the crypto markets last year. Federal prosecutors in New York charged Kwon with fraud on Thursday, hours after his arrest. It is unclear which country has issued the extradition request.

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