Do Kwon arrested

[Tolosi]

He was actually hiding in Serbia most if not all of the time.
Why he appeared in Montenegro is not known now.
I suppose somebody ill advised him.

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[lionheart78]

The arrest of Do Kwon is a piece of good news in the cryptocurrency industry.  This together with SBF's case will give a warning to people that wanted to create a company in the cryptocurrency industry that cryptocurrency is not a playground for scammers, ill-intent and incompetent people anymore.

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.

If the assumption of many that he has the funds, then anyone that is interested in money will protect him.  Aside from that, I believe that he goes in and out of a country throuh backdoor method since he has the money to pay for these illegal services.

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.

More or less the majority of the fund is probably safely hidden somewhere.  Do Kwon can just give part of it and deny the rest. After all he is the one that has access to the funds.

[coolcoinz]

He was actually hiding in Serbia most if not all of the time.
Why he appeared in Montenegro is not known now.
I suppose somebody ill advised him.

Serbia or Montenegro, he was standing out there like a sore thumb. There's not many Koreans in Serbia, just like there's probably even less of them in Montenegro. It's esy to spot a guy that looks foreign and the police has a list of fugitives so it's only a matter of time before the guy looking Korean and not speaking the local language is arrested.

As much as I don't like authority and government intervention, Do Kwon deserved to be put in jail. I hate scammers even more than governments. I hope he's stripped of all his money and made to work to pay up his victims.

[The Cryptovator]

The recent news brings both positive and negative aspects for the crypto industry. On the one hand, Luna holders may face another potential drop in value due this news. On the other hand, it is crucial to hold scammers accountable for their actions, as it helps prevent others from engaging in fraudulent activities.

Investigating scams is vital to uncover how they occurred and where the funds went. This information can be used to prevent similar incidents in the future and protect innocent individuals from harm.

[Furious 7]

Seeing that some of the reports are still confusing, in fact there is the word "allegedly" which is indeed one of the things that is quite ambiguous in my opinion.
It would be great if indeed he was caught after a hunt that was actually quite long for this one man. But until now there has been no further confirmation whether it was him or someone else. I hope it's true that it's Do Kwon

[armanda90]

Good news for holder of Luna coins network because the owner for this coins Do Kwon have been arrested in Montenegro, I think Do Kwon deserves to be jailed for quite a long time considering how many victims have suffered huge losses on Luna network coins. Hopefully there is no bail that can release Do Kwon in a Montenegrin prison considering that a few months ago there was news that the United States government released him after receiving bail.

However with the fund scam by him need questionable after arresting, will Montenegro policemen take down all Do Kwon assets or the Luna owner have tricked how to manipulated about his assets although have been arrested.

[Casdinyard]

About damn time the bastard gets his comeuppance. The sheer damage and terror he brought upon the industry with all his shenanigans is something that will always be talked about even after all of this is said and done, not to mention the countless people he scammed of hard-earned crypto and money all for nothing. Also makes me laugh that he's saying he's not on the run and evading arrest when you can see him jumping in and out of countries like it's an island hopping tour all to evade the law. This is just the start of the journey for recompense that the victims of the Luna Crash will be able to receive. There's more to come to this and I hope the law's not too lenient with him just like with how they dealt with SBF's case.

[boyptc]

If that's for real then that's the consolation his victims have got. Good for the authorities in Montenegro that he's arrested there. Well, with wealth and influence I think that he's still going to live well even under arrest.

Hopefully, there will still be some funds and assets that will be taken into custody by the authorities so that at least there can still be some distribution of wealth to most of his victims or else just take it and freeze it.

And what's much better to see, there's not that much impact on the market and that's why this is truly a good news.

[South Park]

He was actually hiding in Serbia most if not all of the time.
Why he appeared in Montenegro is not known now.
I suppose somebody ill advised him.

Doubtful, someone like Do Kwon thinks that he is above the rest so it is unlikely he followed the advice of anyone else, this was probably his idea and he thought that it was a good one, which is fortunate for us as if he was smart he would have fled to a country that was not willing to extradite him for his crimes, or at least he should have avoided a place like an airport which has very strict security protocols and even if he could get around them a few times he was going to get eventually caught if he tried to do this more than once.

[abel1337]

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.

It is bound to happen to scammer/fraudster especially that his case is one of the biggest in the whole cryptocurrency history and cause a massive ruckus and a start of a bear market. Too much of his sh*t were discovered after that incident that can be use to him in bringing him to jail. Most of the biggest crypto fraudster and scammers that has names just like crypto queen if you remember her who run from the law for five year straight!

Btw, This is not a ponzi scheme. I don't know why you mentioned ponzi scheme here.

[uche6215]

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

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

From what I see here is that Do Kwon is trying to deny they he is not running, and he has been traveling and also hiding but on second thought,  is like Do Kwon is getting enough information from someone that's why it took the police 11 months to catch him, and while watching the video on tweeter I see that Do Kwon was with a document, but what document was that?
Thanks to the police 👮  that got him arrested, and let him face the penalty of getting away with people's's hard-aimed coffers, $ 40 billion is not a little money to talk about.

[coolcoinz]

The recent news brings both positive and negative aspects for the crypto industry. On the one hand, Luna holders may face another potential drop in value due this news.

Come on, if you're a Luna holder after Do Kwon dumped everything and went into hiding and after there was an international warrant for his arrest, you must be either an idiot, or in love with that shitcoin.

On the other hand, it is crucial to hold scammers accountable for their actions, as it helps prevent others from engaging in fraudulent activities.

There's no either, or here. Scammers should always be held accountable, that's it, period.

[TribalBob]

good news if true, accountability for his actions must be accounted for, even though the funds cannot be returned at least he has been in prison for his actions whether intentionally or not about money loundry

[Ever-young]

Let's hope this suspected  Do Kwon according to the report is the real one. Let the news just be solid.
But eve if he is taken to court today and be charge of his crimes what difference will it make if not just adding few cash to the Fed's account and then a prison serve if possible. I don't really think he have 40 Billion Dollars any where which can be used to pay back all the customer's which funds where mismanage..
I just hope something positive come out from this news.. really feel pity for all the victims.

[dansus021]

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

No probably do know never bail out the jail after what happened to UST. the world will follow the case

[NotATether]

Seeing that some of the reports are still confusing, in fact there is the word "allegedly" which is indeed one of the things that is quite ambiguous in my opinion.

It would be great if somebody indeed confirmed the news rather than merely speculating that it was him.

And why are people still holding that garbage token LUNA anyway? It will never rise up again. Not after it brought the entire industry to its knees.

good news if true, accountability for his actions must be accounted for, even though the funds cannot be returned at least he has been in prison for his actions whether intentionally or not about money loundry

The market is two-fold, money lost through the depreciating value of an asset does not go through a black whole, it goes to the person(s) who shorted it - ironically the guy who did lost it on FTX (and whoever benefitted from shorting Alameda Research now has the value).

No-one's getting their money back from this guy.

[Ultegra134]

The recent news brings both positive and negative aspects for the crypto industry. On the one hand, Luna holders may face another potential drop in value due this news. On the other hand, it is crucial to hold scammers accountable for their actions, as it helps prevent others from engaging in fraudulent activities.

Investigating scams is vital to uncover how they occurred and where the funds went. This information can be used to prevent similar incidents in the future and protect innocent individuals from harm.

It's about time he was caught; he's at fault for the billions lost by screwing over his investors. Eventually it would happen; he couldn't hide forever, especially as a Korean on the European continent. However, he and Luna were already a lost cause; it wasn't like he'd be able to continue the development of Luna, and his arrest won't have any serious effect. How much worse can it get for its investors? USTC, LUNC and Terra have hit rock bottom for months now; they can't go much lower.

[Rikafip]

It would be great if somebody indeed confirmed the news rather than merely speculating that it was him.

The news originated from Montengero minister of internal affairs and not from some random guy so it was very likely that it was Do Kwon. Anyway, seems like the man arrested at Montenegro airport with falsified documents is indeed Do Kwon as Interpol confirmed it to CNN.

Interpol says a man arrested in Montenegro is Kwon Do-hyeong, also known as Do Kwon, the disgraced founder of a collapsed crypto company who is wanted in South Korea and the United States on fraud and other charges.

Kwon, a South Korean national, founded the blockchain platform behind the TerraUSD stablecoin and its sister coin Luna. Both coins lost their value in a matter of days in May 2022, wiping about $40 billion from the crypto market and setting off panic across the speculative sector.

Kwon’s identity was confirmed through a fingerprint match, Interpol’s national central bureau in Seoul told CNN on Friday.

And why are people still holding that garbage token LUNA anyway? It will never rise up again. Not after it brought the entire industry to its knees.

I guess some people lost so much that its easier to hope they will recover from their loss rather than accept the truth.

[Majestic-milf]

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

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

Good riddance and a job well done. But sometimes I wonder why these crypto riff raffs take too long to be pinned down, esp with the level technology has advanced, because I don't think that dude is smart enough to change his features, hehee. Imagine been charged with eight counts of fraud including a conspiracy to indulge in market manipulation, such a pin down is really welcomed. But my question is, the more such individuals are wiped out, more unscrupulous ones keeping rising up. How do we contain this menace to the crypto world?

[Tolosi]

He will be deported to Korea according to the statement of a Montenegro judiciary official


https://www.pobjeda.me/clanak/juznokorejski-drzavljani-zadrzani-nakon-saslusanja-u-odt-u