Terraform Labs Co-Founder Do Kwon Arrested at Montenegro Airport.

Do Kwon, the founder of Terraform Labs, has reportedly been arrested at the airport in Podgorica, the capital of Montenegro, with falsified documents. Kwon has been under investigation for the past 11 months since the Terra/LUNA collapse, which wiped out about $40 billion from the cryptocurrency market. In mid-February, The U.S. Securities and Exchange Commission charged Terraform Labs and Kwon with defrauding U.S. investors who purchased its crypto assets, LUNA and the not-so-stable stablecoin, Terra.