Do Kwon, a former CEO of Terraform Labs, whose stablecoin TerraUSD crashed final year, has reportedly been charged with rascal by a U.S. after being arrested Thursday morning in Montenegro.
The Wall Street Journal and Blomberg News reported late Thursday that Kwon was charged by sovereign prosecutors in Manhattan with 8 counts, including bonds fraud, line rascal and handle rascal and conspiracy.
Kwon had been an general refugee after dropping out of steer final tumble after his local South Korea released a aver for his arrest.
Kwon’s detain was announced Thursday morning by Filip Adzec, Montenegro’s Minister of Interior, in a tweet: “The former ‘cryptocurrency king,’ who is behind waste of some-more than $40 billion, was incarcerated during a Podgorica airfield with falsified documents, and a same is claimed by South Korea, a USA and Singapore.”
Adzec combined in another twitter that “one of a world’s many wanted fugitives was arrested in Podgorica,” observant that Montenegrin military have “detained a chairman suspected of being one of a many wanted fugitives, South Korean citizen Do Kwon.”
In February, a U.S. Securities and Exchange Commission accused a Singapore-based Terraform Labs and CEO of fraud. The matter from a SEC purported that Terraform and Kwon misled and cheated investors while selling a Luna token, a cryptocurrency that crashed in May 2022 and set off a inauspicious sputter outcome opposite a crypto industry.
