230323185328 do kwon terraform file 2022 restricted hp video

Do Kwon: Interpol confirms arrest of South Korean crypto fugitive in Montenegro Lalrp

Lalrp.org: 230323185328 do kwon terraform file 2022 restricted hp video


Seoul/Atlanta

 — 

Interpol says a person arrested in Montenegro is Kwon Do-hyeong, often known as Do Kwon, the disgraced founding father of a collapsed crypto firm who is needed in South Korea and the USA on fraud and different expenses.

Kwon, a South Korean nationwide, based the blockchain platform behind the TerraUSD stablecoin and its sister coin Luna. Each cash misplaced their worth in a matter of days in Could 2022, wiping about $40 billion from the crypto market and setting off panic throughout the speculative sector.

Kwon’s identification was confirmed by way of a fingerprint match, Interpol’s nationwide central bureau in Seoul advised on Friday.

A day earlier, Montenegrin Inner Affairs Minister Filip Adžić wrote on social media {that a} man believed to be Kwon was arrested within the capital Podgorica.

“He was arrested on the airport with counterfeit documentation and is needed by a number of international locations, together with the USA, South Korea, and Singapore,” Adžić mentioned in a Facebook post.

Kwon was primarily based in Singapore whereas operating the blockchain platform Terraform Labs. Seoul prosecutors advised in December that the crypto entrepreneur was believed to be in Serbia, the place he was in hiding after leaving Singapore through Dubai.

In September, a South Korean court docket issued an arrest warrant for Kwon, after he was accused of fraud by buyers within the nation within the wake of the collapse of his firm.

Kwon has been charged with fraud and breaches of South Korea’s capital markets regulation. He mentioned in October that he didn’t imagine the fees had been reliable, and claimed they had been “politically motivated.”

The crypto developer has repeatedly claimed on Twitter that he was not “on the run,” however refused to reveal his whereabouts attributable to worries about his private safety.

Terraform Labs was behind TerraUSD, a stablecoin which in principle was meant to retain a $1 worth level.

The collapse of TerraUSD and Luna, two linked cash, kick began the so-called “crypto winter,” from which the trade was struggling to get better even because it skilled one other huge blow from the autumn of crypto change FTX in November.

– ’s Jake Kwon contributed reporting