JUST IN: Terra's Do Kwon Arrested in Montenegro

Do Kwon, founder of Terra Luna and it's native stablecoin $UST, has been arrested, according to a Korean news site Yonhap.

The article states that Do was arrested on the 23rd of March by Montenegro authorities, and that police are currently waiting for fingerprint identification to verify his identity.

An official from the National Police Agency said, "I confirmed the age, nationality, and name of the person's identification card, and that it was the same person as the representative of the volume as a photographic material."

Also Read: “I Bet Big And I Think I Lost” Do Kwon Tells All In Exclusive Interview

What is Do Kwon Up To?

This arrest follows Do Kwon claiming on Twitter that he was still in his Singaporean residence, and was not currently on the run.

https://twitter.com/stablekwon/status/1529431359449493504?s=20

He was also spotted publicly denying allegations from the SEC that he stole over $100M in Bitcoin from the Luna Foundation Guard, and various rumors that he was campaigning for the return of Luna 2.0.

https://twitter.com/stablekwon/status/1600677169721528320?s=20

Aside from that, he has also been letting his followers know that Sam Bankman-Fried and Alameda Research were responsible for the downfall of UST.

Also Read: Do Kwon, Martin Shkreli Give FTX Crisis Management Tips

[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]

Featured Image Credit: Bloomberg