"Crypto Fugitive Do Kwon Arrested in Montenegro for $40B TerraUSD Collapse"

Do Kwon, co-founder of Terraform Labs, has been arrested in Montenegro and charged with fraud and market manipulation related to the $40 billion collapse of TerraUSD and Luna cryptocurrencies last year. Kwon was apprehended at the airport in Podgorica while attempting to board a flight to Dubai with a forged passport. The US Justice Department has unveiled eight charges against him, and federal prosecutors have signaled they will extradite him to face charges. Kwon had touted TerraUSD as a stable alternative to more volatile cryptocurrencies, but the value of both TerraUSD and Luna plummeted last May after a sudden crisis of confidence led investors to dump their holdings.