all Filip Adzic Usa Singapore South Korea city Dubai Serbia city Seoul Costa Rica Montenegro Provident Luna

Today news

Filip Adzic

About the same in other media

cryptonews.com

Lawyers Unsure of Fate of Do Kwon’s ‘Missing $37B’ – Will Investors Ever Get Their Money Back?

13.04 - 13:09

cryptonews.com

Today in Crypto: Ex-investment Banker Charged in a Crypto Fraud Case, Binance.US to Delist Tron, Spain to Send 328,000 Tax Warning Notices to Crypto Holders

12.04 - 15:49

cryptonews.com

Terra Founder Do Kwon’s Crypto Stash Under Threat as S Korean Prosecutors Make Move

12.04 - 13:27

ambcrypto.com

Terra founder Do Kwon invites more trouble, million in assets to be frozen

11.04 - 15:31

cryptonews.com

Today in Crypto: Do Kwon Converted Millions in Illicit Funds to BTC, Robinhood to Pay $10.2M in Penalties, Mt Gox Creditors Repayment Window Now Open

07.04 - 15:05

Crypto fugitive Do Kwon faces US charges after arrest in Montenegro

Filip Adzic Usa Singapore South Korea city Dubai Serbia city Seoul Costa Rica Montenegro Provident Luna

24.03.2023 - 16:07

Reading now: 413

finextra.com:

Kwon was arrested by Interpol at Podgorica airport on Thursday, after providing falsified documents from Costa Rica while attempting to board a flight to Dubai.

Kwon was wanted in South Korea and the US for multiple charges of fraud for misleading investors and has been indicted in the US with eight charges including wire fraud, securities fraud, commodities fraud, and conspiracy.

Interior minister Filip Adzic reported the arrest on social media, stating: “The former cryptocurrency king who is behind losses of over $40 billion, has been apprehended at the Podgorica airport with forged documents.” Last year, Seoul authorities reported that Kwon was hiding in Serbia after fleeing from Singapore, where Terraform Labs was based.

The value of TerraUSD and Luna plummeted in May 2022, causing mayhem in the crypto market by losing $40 billion. The stablecoin was expected to hold $1 value.