Terraform Labs co-founder Do Kwon has reportedly been arrested in Montenegro, according to the country’s interior minister Filip Adzic. The Montenegrin official shared two tweets on Thursday just before 9 a.m. Eastern Time.
Do Kwon, who was recently sued by the U.S. Securities and Exchange Commission and his firm Terraform Labs, has reportedly been hiding for some time. Some suspected Kwon was hiding in Singapore, while others thought the Terraform Labs CEO was in Dubai.
The former ‘king of cryptocurrencies’, who is behind losses greater than 40 billion dollars, was detained at Podgorica airport with forged documents and is sought by South Korea, the United States, and Singapore.
The Montenegrin government and interior minister Filip Adzic have yet to confirm the true identity of the arrested individual. This story is still developing and will be updated with any official confirmations of the identity of the person detained in Montenegro.
The National Police Agency has requested fingerprint information from Montenegro authorities. Yonhap quotes the police as saying, “We checked the age, nationality, and name with the identification card the person had, and confirmed that he was the same person as CEO Kwon with photo data.”