Terra’s Attain Kwon Arrested in Montenegro

Terra’s Attain Kwon Arrested in Montenegro

After living on the bustle for six months, the Terraform Labs CEO used to be in the end apprehended in Montenegro.

Key Takeaways

  • Montenegrin police apprehended a particular person believed to be Attain Kwon.
  • South Korean authorities possess provided visual confirmation but are awaiting fingerprint recordsdata.
  • Kwon used to be arrested at Podgorica airport with forged documents.

Terra frontman Attain Kwon used to be apprehended at Podgorica airport by Montenegrin police. He used to be previously believed to be hiding in Serbia.

Six Months on the Slump

The laws has in the end caught as a lot as Attain Kwon.

Montenegro Minister of the Interior Filip Adzic tweeted this day that Montenegrin police had apprehended a particular person suspected of being Terra frontman Attain Kwon.

Adzic claimed that Kwon used to be detained at Podgorica airport with “falsified documents”— doubtlessly that plan forged lag documents, as Kwon’s passport used to be revoked by South Korean authorities in September 2022. It’s unclear whether or not he used to be attempting to enter or leave Montenegro. Podgorica is the nation’s capital metropolis. 

Adzic indicated that he used to be awaiting an unswerving confirmation of Kwon’s identity. South Korean news network Yonhap reported that South Korea’s Nationwide Police Company had already “checked the age, nationality, and title with the identification card” of the particular person arrested by Montenegrin police, and had confirmed his identity by the spend of photographic knowledge. They’re mild awaiting fingerprint recordsdata from Montenegrin authorities.

Kwon is the CEO of Terraform Labs, which designed the Terra blockchain. Terra imploded in Would perchance moreover 2022 when the network’s algorithmic stablecoin, UST, lost its peg and entered a loss of life spiral, wiping out bigger than $40 billion from the markets. 

Refusing to cooperate with legal investigations, Kwon fled from South Korea to Singapore rapidly after Terra’s crumple. Interpol issued a crimson seek for for him in September, making him a wished man in 195 international locations. No matter the news, Kwon insisted that he used to be not “on the bustle” and kept an brisk presence on Twitter. South Korean authorities claimed in December that Kwon used to be hiding in Serbia. 

Kwon used to be reportedly traveling with an aide named Han at the time of his arrest. In step with DL News, Serbian police had been on Kwon’s path and had already begun a pre-extradition assignment. He can also as a result of this fact were attempting to cruise Serbian authorities by entering Montenegro.

Disclosure: On the time of writing, the creator of this half owned BTC, ETH, and several different crypto assets.

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Look fat terms and prerequisites.

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