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The Guardian - UK
The Guardian - UK
World
Staff and agencies in Podgorica

Man suspected of being crypto fugitive Do Kwon arrested in Montenegro

Do Kwon United States Crypto Terra Montenegro Terraform Labs LUNA Terraform TerraUSD FTX
Do Kwon
Do Kwon, co-founder and CEO of Terraform Labs, is accused of orchestrating a multi-billion-dollar fraud. Photograph: Woohae Cho/Bloomberg/Getty Images

A man suspected of being the fugitive South Korean cryptocurrency entrepreneur Do Kwon, accused of orchestrating a multi-billion-dollar fraud that shook global crypto markets last year, has been arrested in Montenegro.

“Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen, co-founder and CEO of Singapore-based Terraform Labs,” the interior minister, Filip Adžić, tweeted late on Thursday.

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