Do Kwon arrested

[OmegaStarScream]

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

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[Nwada001]

After six months of running and hiding, they finally arrested him. Even as he claims not to be on the run and is open to answering any government calls,
 
His case will now be open, and now that almost the entire country's government will be demanding he get his hands on them, where will he be prosecuted? 
Or will it be Singapore, where its office is based and registered?

[retreat]

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

Finally another piece of trash from the crypto industry has been caught. I hope this bastard is punished for his mistakes.

[stompix]

Better wait for another confirmation, their source is a Twitter user that claims:

Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.

I find it a bit weird and stupid for him to use a European airport, despite not being part of the EU Montenegro has a ton of extradition treaties, and with him on the Interpol list, there is no chance they will not deport him. Pretty a stupid move, he should have fled to some south Asian country instead.

[pakhitheboss]

This is interesting! But, can anyone alo help me in finding Podgorica as I want to go there and see if crypto as a currency is widely accepted.

Don't know why he chose this place but I bet there are various ways to hide yourself from banks and government in that piece of land known as Podgorica

[tbct_mt2]

Better wait for another confirmation, their source is a Twitter user that claims:

Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.

I will wait for more confirmation and official announcement

I find it a bit weird and stupid for him to use a European airport, despite not being part of the EU Montenegro has a ton of extradition treaties, and with him on the Interpol list, there is no chance they will not deport him. Pretty a stupid move, he should have fled to some south Asian country instead.

I agree that Europe is one of worst areas on the world if someone want to hide their identity and run away from Interpol. If someone want to hide, he should choose a remote area (but still has Internet as Do Kwon still used it) and little or no international cooperation, extradition like Asian countries.

Finally another piece of trash from the crypto industry has been caught. I hope this bastard is punished for his mistakes.

The arrest if it is real, does not mean much for Terra Classic project and investors or traders who lost their lives with Terra LUNA and UST death spiral in the last year.

Terra Classic changed to be like a community project and will not be affected by Do Kwon arrest.

[kryptqnick]

Well, that is great news, right? Montenegro isn't a part of the EU and is a small, quiet country, which is why Do Kwon probably assumed it was a good place to lie low. It's inspiring that the plan didn't work out, and he got arrested there. Scamming people (or grossly mismanaging their funds) who believed in a project and gave lots of money to it is certainly something that should be punished by law. My hope, as usual, is that as much money as possible will be returned to the victims. As for what else happens to this guy, I don't really care. I think the most important thing about financial crimes is to force the perpetrator to reimburse the victims.

[Ojima-ojo]

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

But wait, while you all are at that.

Don't you think this topic does not belong here since this is bitcoin discussion and this Luna is altcoin, please with all due respect as a staff legendary,  correct me if I am wrong.

It is a big relief if confirm that the founder of Luna/USDT which crashed a few months ago has been arrested, just like Sam Bankman the CEO of FTX who is also under custody for similar crimes.

[CryptSafe]

Better wait for another confirmation, their source is a Twitter user that claims:

Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.

I find it a bit weird and stupid for him to use a European airport, despite not being part of the EU Montenegro has a ton of extradition treaties, and with him on the Interpol list, there is no chance they will not deport him. Pretty a stupid move, he should have fled to some south Asian country instead.

I think OP is  likely correct because I did a search for it and cointelegraph  is up with the news as Do Kwon is being arrested. His arrest is long overdue as he has been on the run for months claiming he is open to any government call in answering any questions as to what really happened to Terra chain and investors funds.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://cointelegraph.com/news/do-kwon-reportedly-arrested-in-montenegro/amp&ved=2ahUKEwj1sdvZn_L9AhVOi_0HHdX5DIYQFnoECBcQAQ&usg=AOvVaw1qvAsSgC9nnUAZYtdTX7y-
According to the reports, he was arrested at podgorica airport, Montenegro with "falsified documents" so I was wondering why he did use fake documents in traveling if that be the case. I thought he said he was not hiding from anybody and is willing to respond to any call from the government in answering any questions.

[big kid]

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

Finally another piece of trash from the crypto industry has been caught. I hope this bastard is punished for his mistakes.

Yeah, I'm a little surprised that it took so long. He will take his punishment, but he won't give back the money he took away from investors.

[Lucius]

The Montenegrin Minister of Internal Affairs also announced the news on his T account, although the identity has not yet been confirmed. However, I am not surprised that De Kown was caught in Montenegro, because his last known location was Serbia, where he hid for months. He obviously had badly forged documents and thought he would pass under the radar - and if he had been at all smart, he could have flown from Serbia to Russia without any problems and been out of reach of anyone.

Well, that is great news, right? Montenegro isn't a part of the EU and is a small, quiet country, which is why Do Kwon probably assumed it was a good place to lie low.

That it is a small country is true, but that it is peaceful and politically stable is far from the truth. The country is actually torn between the local Montenegrins and the Serbs who, with the help of Serbia, are trying to maintain their political influence. Although I would put Bosnia and Herzegovina in the first place as a potential area where war can break out, Montenegro is in second place, considering that Russia also has an influence on everything that happens there.

[OgNasty]

Arrested with false documents isn’t a good look for Do Kwon at all. That will likely mean he won’t be able to bail out of jail due to being a flight risk (as if he wasn’t already), which means it’s possible that Do Kwon may not see himself outside of a prison for many years. I’m not sure what he was thinking. It seems like he let the money get to his head.

[Eternad]

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

Finally, He should faced a sever jail time to serve as an example on many crypto criminals that scamming their community. Justin Sun is next for doing some shitty manipulation on their project and slowly launder funds out of the treasury.

Is this means that refund might be possible for all the victim of Luna/Ust scam? He obviously took away the company reserve funds that supposed to be supporting the token price stability.

[Hispo]

Good news, if true.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.

If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.

One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.

[Yawa2020]

Arrested with false documents isn’t a good look for Do Kwon at all. That will likely mean he won’t be able to bail out of jail due to being a flight risk (as if he wasn’t already), which means it’s possible that Do Kwon may not see himself outside of a prison for many years. I’m not sure what he was thinking. It seems like he let the money get to his head.

That was really a wrong move for someone in such a shitty situation as he is right now. After clicking the link to the post, I saw one comment under the post and it made me curious. Like is the arrest really necessary? Is he the first person with a failed project? Why his own receiving special attention from the government and public? Or is there any crime against him other than Luna crash that I don't know? Someone should clear my doubt please.

[Rikafip]

He obviously had badly forged documents and thought he would pass under the radar - and if he had been at all smart, he could have flown from Serbia to Russia without any problems and been out of reach of anyone.

Well, who is to say that Serbs woulnd't arrest him with fake documents if he tried fly to Russia? But even if he managed to reach Russia, I am not so sure that he would find any protection in Russia as he is not Snowden or someone of that caliber so Ruissia has some actual interest to protect him.

Is this means that refund might be possible for all the victim of Luna/Ust scam? He obviously took away the company reserve funds that supposed to be supporting the token price stability.

I woulnd't get my hopes up just because he got arrested. Sure, they may force him to give the rest of the money that he still has, but that would be nowhere near to make everyone whole.

[seoincorporation]

Good news, if true.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.

If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.

One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.

True, we can be sure that he is holding a big mount of money in cryptos, and he must be hiding them as a pro, I mean will be almost impossible for the governments to get access to his coins. And that's bad because if the government can't access his coins then will be impossible to pay back the money to all the scammed users.

But in the end, is nice to see how there is some karma, and people should learn the lesson from this. Scammers will end up in jail and that was the main lesson.

[Hispo]

Good news, if true.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.

If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.

One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.

True, we can be sure that he is holding a big mount of money in cryptos, and he must be hiding them as a pro, I mean will be almost impossible for the governments to get access to his coins. And that's bad because if the government can't access his coins then will be impossible to pay back the money to all the scammed users.

But in the end, is nice to see how there is some karma, and people should learn the lesson from this. Scammers will end up in jail and that was the main lesson.

Even if the prosecutors managed to have access to his money, that would not be enough to cover the losses which were caused by the failure of his project, because this was not a conventional pull-rug.

This was not about Do Kwon selling a token and then withdrawing the liquidity off Defi (like has happened before), both Luna and Terra were available in huge markets like Binance, which means that the value of the tokens escaped from the holders through short positions made by traders, which in the eyes of the exchange, can be considered to be clean money earned through speculation.

It is more likely Do Kwon, after realizing he was done, took some millions of USD in BTC (from the Terraform labs Treasury) and went fugitive.

At best, the prosecutors have proof of his expenses while in the run and can pressure him into handing over his private keys, in exchange of less years in prison.

[siniminomorocomunisakito]

Good news, if true.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.

If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.

One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.

True, we can be sure that he is holding a big mount of money in cryptos, and he must be hiding them as a pro, I mean will be almost impossible for the governments to get access to his coins. And that's bad because if the government can't access his coins then will be impossible to pay back the money to all the scammed users.

But in the end, is nice to see how there is some karma, and people should learn the lesson from this. Scammers will end up in jail and that was the main lesson.

What is planted is what is harvested. Yes, right. Fraud not only harms the individual who falls victim to the scam, it undermines trust in the cryptocurrency industry as a whole and Holding individuals accountable for their actions is equally important for promoting ethical behavior and transparency within the cryptocurrency industry.

This will not only protect individuals from scams and scams, but also encourage the growth and adoption of cryptocurrencies as a legitimate form of payment and investment and for companies to act with integrity and transparency to build trust and drive industry growth.

[Maxre]

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

I can't believe that he has been arrested and he is the biggest scammer and he scammed a lot of money and also many people lives have been destroyed because this piece of shit. And There are other scammers like SBF the founder of FTX.
There is a friend of mine and he lost almost 25000 dollars in Terra lunna tokens and he was too broke and that's why I don't go to these ponzi schemes. And that's why be alert and also safe.