Crypto Fugitive Do Kwon Arrested in Montenegro and Charged with Fraud by US Prosecutors
TL;DR Summary
Do Kwon, CEO of Terraform Labs, has been charged with eight counts of fraud by US prosecutors, including commodities fraud, securities fraud, wire fraud, and conspiracy to defraud and engage in market manipulation. Kwon was reportedly arrested in Montenegro with fellow business partner Hon Chang Joon while trying to fly to Dubai with forged travel documents. The charges relate to Kwon's alleged role in the collapse of the $40 billion Terra Luna Classic token and TerraClassicUSD stablecoin last May.
- Do Kwon faces fraud charges from US prosecutors hours after arrest Cointelegraph
- Do Kwon Arrested in Montenegro: Interior Minister CoinDesk
- U.S. Charges Crypto Fugitive Do Kwon With Fraud as Suspect Held in Montenegro The Wall Street Journal
- Five Things You Need to Know to Start Your Day Bloomberg
- Montenegro Senior Police Official Arrested for Alleged Crime Ties Balkan Insight
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