Crypto firm founder Do Kwon arrested in Montenegro: Police

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Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a US$40 billion crash of the firm\u0027s cryptocurrency.

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“Montenegrin police arrested an individual who is believed to be one of the most wanted fugitives, South Korean citizen Do Kwon,” Interior Minister Filip Adzic said on Twitter.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

South Korea asked Interpol in September to circulate a “red notice” for the 31-year-old across the agency’s 195 member nations to find and apprehend him. Kwon and five others connected to Terraform are wanted because of allegations of fraud and financial crimes in relation to the implosion of its digital currencies in May 2022.

TerraUSD was designed as a “stablecoin,” which are pegged to stable assets like the U.S. dollar to prevent drastic fluctuations in prices. However, around $40 billion in market value was erased for the holders of TerraUSD and its floating sister currency, Luna, after the stablecoin plunged far below its $1 peg in May.

 

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Crypto is money created by illuminati/freemasons to launder wralth. I love the fact that crypto firms are crumbling like proverbial sand castles hit by waves👍👍👍

Any relation to that lying Dong?

Should of gone to BiH!

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