Do Kwon arrested - page 4. | Bitcointalksearch.org

Ryu_Ar1

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Quote from: zasad@ on April 26, 2023, 10:45:19 AM

https://www.benzinga.com/markets/cryptocurrency/23/04/31865172/do-kwons-lavish-serbian-hideaway-inside-the-crypto-magnates-secret-sanctuary
Serbian authorities have confiscated a €2 million luxury apartment in Belgrade where Terraform Labs founder Do Kwon sought refuge during a six-month pursuit, according to Serbian prosecutor Branko Stamenkovic.
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This story has a big sequel. While Do Kwon is being held in a good prison in Montenegro for a fake passport, some of the money that will be useful for the budget of Montenegro will be taken from him. I am still sure that the authorities of Montenegro will not soon give the golden antelope to the USA or Korea.

This is a big catch for Serbia and they will definitely not let others intervene first because this can be considered as an advantage especially in this case the 2 extraditions that were arrested because it was not only Do Kwon but also Han Chang-joon who was also one of the officials responsible.

Quote from: https://www.instagram.com/p/CrdojZwI1Ha/?img_index=1

from here there are also some conditions where he is currently asking for a motion to have the charges dropped by the SEC on the grounds that the SEC's claims are invalid in its charges.

zasad@

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https://www.benzinga.com/markets/cryptocurrency/23/04/31865172/do-kwons-lavish-serbian-hideaway-inside-the-crypto-magnates-secret-sanctuary
Serbian authorities have confiscated a €2 million luxury apartment in Belgrade where Terraform Labs founder Do Kwon sought refuge during a six-month pursuit, according to Serbian prosecutor Branko Stamenkovic.
__
This story has a big sequel. While Do Kwon is being held in a good prison in Montenegro for a fake passport, some of the money that will be useful for the budget of Montenegro will be taken from him. I am still sure that the authorities of Montenegro will not soon give the golden antelope to the USA or Korea.

safar1980

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Do Kwon’s Passport Has Become Fatal for his Arrest; Report Says
FatMan tweeted that Do Kwon was arrested as the police became suspicious of his fake passport.
The analyst referred to DLNews’ post that explains the interview with Haris Sabotic.
Sabotic told that two wanted Koreans were caught on suspicion of using false Costa Rican passports.

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Quote from: dr.hopkins on March 24, 2023, 04:31:28 AM

It's important to remember that an arrest doesn't necessarily mean guilt, and we should wait for more information before making any assumptions.

It does not, but in case of Kwon, I'd say he's guilty but his arrest doesn't yet mean that he'll be found guilty and sentenced by a judge. He should be though.
I'm not sure if the coin was made as a scam from the beginning or he decided to make it a scam along the way, but the end result is the same - luna was a scam coin.
When it imploded the guy took all the money that was left and went on the run. Karpeles was guilty of cooking his books, but he didn't run. It's sad that there's so many dirty people in crypto. It's only a matter of time before CZ takes the fall like Do Kwon, SBF and others.

YOSHIE

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Quote from: OmegaStarScream on March 23, 2023, 08:29:49 AM

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

I think Do Kwon's actions in the crypto world as CEO of Terraluna are classified as acts of robbery, fraud, theft and public deceit, I consider it an obligation and must be punished with severe punishment for Do Kwon by the local authorities.

Do Kwon's arrest can be a deterrent effect and fear for other CEOs who commit acts that are not commendable and harm the wider community, Do Kwon needs to be given a severe punishment that is truly deterrent.

I am personally happy to hear that Do Kwon was arrested, even though I was also one of the victims of LUNA some time ago, I hope the authorities give him the appropriate punishment for his actions to people around the world.

zasad@

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https://protos.com/do-kwon-faces-grim-year-in-montenegro-jail-lawyer-says/
“Upon arrest, you’re held in quarantine for 10 days to ensure you’re not suffering from Covid-19,” they told Protos. “The rooms are pretty okay — you’re sharing with just one or two people. But after the quarantine period, detainees are moved to a general facility along with others awaiting trial.”

The conditions here are far worse than quarantine. “Rooms are 8 meters squared and very crowded,” the lawyer explained. “There’s about 10 to 11 people in a room — there’s usually not even a bed.“

Regarding which country may ‘win’ extradition, Kovac explained: “When we receive several extradition requests it’s based on several factors — the severity of the offence, the location and the time, and the order that we received the request, and several other factors.” Ultimately, it’s up to Montenegro courts to decide, but Kovac’s comments suggest that South Korea has the upper hand.

safar1980

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Quote from: Lucius on March 28, 2023, 04:46:03 AM

@safar1980, thank you for sharing the article, it is very interesting information and just one more proof that Serbia is a country for every criminal looking for a safe haven. You can live there without fear of being caught or extradited, and for $1 you can open a company and continue what you were doing before.

One detail from the article is particularly interesting to me, because it claims that investigators from South Korea visited Serbia in January of this year, but the Serbian authorities allegedly did not know where De Kwon was, even though he had officially registered the company under his own name. Knowing their mentality, I believe that they wanted to avoid the arrest happening on their soil, which they managed in the end - and now I wouldn't be surprised if they concluded that De Kwon and his helper were in Montenegro the whole time.

I think that in not rich poor countries you can find a refuge for any criminal. He could spend some of the stolen capital to legalize himself in this country. But if he is deported to the US, then investors will not receive money.

Lucius

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@safar1980, thank you for sharing the article, it is very interesting information and just one more proof that Serbia is a country for every criminal looking for a safe haven. You can live there without fear of being caught or extradited, and for $1 you can open a company and continue what you were doing before.

One detail from the article is particularly interesting to me, because it claims that investigators from South Korea visited Serbia in January of this year, but the Serbian authorities allegedly did not know where De Kwon was, even though he had officially registered the company under his own name. Knowing their mentality, I believe that they wanted to avoid the arrest happening on their soil, which they managed in the end - and now I wouldn't be surprised if they concluded that De Kwon and his helper were in Montenegro the whole time.

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Quote from: dr.hopkins on March 24, 2023, 04:31:28 AM

It's important to remember that an arrest doesn't necessarily mean guilt, and we should wait for more information before making any assumptions.

This is really a strange statement. Do you think he is not guilty of anything? He was the CEO of Terraform labs and he is only responsible for this TerraUSD and Luna crash scam. People have hard earned money invested in this stable coin and he was unable to peg it to a dollar, even though he claimed that he has a lot of funds for backup/reserve in case of a mishap.

Quote from: yhiaali3 on March 27, 2023, 01:41:22 PM

Will the case be reopened, will he be able to return the millions of dollars the investors lost in Luna?

No money will be refunded to LUNA investors, and it was really a disaster for all the investors who trusted this project. Luna was a very hyped project and i think all the cryptocurrencies investors had some part of the portfolio in this coin and everyone has lost money in this scam.

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Good news he was finally arrested after all this time, but what next?

Will the case be reopened, will he be able to return the millions of dollars the investors lost in Luna?

I doubt he will be able to, most likely he will have laundered the money he stole and they will not find enough money with him to compensate those affected.

safar1980

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Do Kwon registered a company in Serbia just three weeks after Interpol issued a Red Notice for him in September, DL News can reveal.

Official records obtained from the Serbian Business Registry show Kwon opened a company called “Codokoj22 d.o.o. Beograd” on October 12. The address listed is in the old town of the Serbian capital’s city centre.

It is not possible to search the Serbian Business Registry by the names of the individuals. Registry officials confirmed to DL News on Friday that two South Koreans named Do Kwon and Han Chang-Joon were listed with a company number.

Rikafip

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Quote from: zasad@ on March 26, 2023, 06:26:42 AM

I may not have read all the latest news, but the Montenegrin police detained a man who looked like Do Kwon. His fingerprints have not yet been verified and the data has not been transferred to Korea.

Hah you indeed missed latest news as Interpol already confimed that they verified fingerprints and that person arrested a couple of days ago is indeed Do Kwon. Now the only question is who will get him, South Korea or Unites States. Former makes more sense as he is their citizen and they issues warrant first, but we all know how "persuasive" US can be.

Quote from: https://edition.cnn.com/2023/03/23/tech/south-korea-do-kwon-terra-fraud-arrest-hnk-intl/index.html

Interpol says a man arrested in Montenegro is Kwon Do-hyeong, also known as Do Kwon, the disgraced founder of a collapsed crypto company who is wanted in South Korea and the United States on fraud and other charges.

Kwon, a South Korean national, founded the blockchain platform behind the TerraUSD stablecoin and its sister coin Luna. Both coins lost their value in a matter of days in May 2022, wiping about $40 billion from the crypto market and setting off panic across the speculative sector.

Kwon’s identity was confirmed through a fingerprint match, Interpol’s national central bureau in Seoul told CNN on Friday.

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Quote from: dr.hopkins on March 24, 2023, 04:31:28 AM

It's important to remember that an arrest doesn't necessarily mean guilt, and we should wait for more information before making any assumptions.

His suspension means that there is a file of conviction awaiting him, and I, the investigators, are suspicious of him, and this is of course based on evidence and facts. If he wasn't guilty, why did he disappear after Luna collapsed. It doesn't take much intelligence.
The most important question remains who will be responsible for his request from the country in which he was arrested, Korea or the United States. In any case, I do not think that he will be able to prove his innocence, nor to compensate the users' losses.

zasad@

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I may not have read all the latest news, but the Montenegrin police detained a man who looked like Do Kwon. His fingerprints have not yet been verified and the data has not been transferred to Korea.
____
A little humor. When a person is detained in Montenegro, whose capital is several times greater than the GDP of Montenegro, the Montenegrin authorities will be interested in cooperation with him Grin

Lucius

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Quote from: Rikafip on March 24, 2023, 05:02:24 PM

That's for sure. Just remember when someone warned him on Twitter few months before shit hit the fan how easily his stablecoin can get rekted and he mocked and dimissed the guy, instead taking it as a warning.

There is also that video in which he says that he enjoys watching companies fail, and who knows, maybe it's some pathological disease that culminated in him destroying even his own project. Although some information circulating on the internet says that this is not the first project he has failed, it is certainly the biggest.

Quote from: Rikafip on March 24, 2023, 05:02:24 PM

Regarding them being roomates, won't Do Kwon be extradicted to Singapore?

His extradition was also requested by the US, now it's just a question of who wants him more, or better said, who has better connections in Montenegro. In case the US shows that they really want it, I think that their allies (South Korea) will make it possible for them.

Quote

A few hours after Kwon's arrest, US authorities accused him of participating in the collapse of the Terra/LUNA stablecoin, which caused the loss of around $40 billion in the cryptocurrency market, and charged him with eight criminal offenses, including securities fraud and conspiracy.

Do Kwon, who is wanted in South Korea and the US on allegations of fraud, has been apprehended in Montenegro, according to Interpol. Kwon now has criminal cases pending against him in both the US and South Korea, so it's unclear which nation he will be transferred to first.

Kwon's extradition to New York will be sought by US federal prosecutors, who have also stated that South Korea will request his extradition.

You were also right about the revocation of his passport, and it seems that it was valid at least until September 15, 2022, and maybe even longer, which means that he entered Serbia or Montenegro with his passport.

Quote

According to reports, South Korean prosecutors asked the regional foreign affairs ministry in October to revoke Kwon's passport if he did not return it by September 15th. It appears that Kwon's passport, which had not been returned by that point, was revoked.

Source

Rikafip

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Quote from: Lucius on March 24, 2023, 09:37:02 AM

Rich and spoiled characters like De Kwon or Bankman probably consider all this to be a game with high stakes, and time will tell if the game was successful or if they will become roommates in prison.

That's for sure. Just remember when someone warned him on Twitter few months before shit hit the fan how easily his stablecoin can get rekted and he mocked and dimissed the guy, instead taking it as a warning. Regarding them being roomates, won't Do Kwon be extradicted to Singapore?

Quote from: coolcoinz on March 24, 2023, 03:21:49 PM

He wasn't very smart. According to the news, he was using a Belgian and a Costa Rican fake documents. Somebody should tell him there aren't many people who look Asian in Costa Rica, and he'd have a better chance posing as a citizen of an Asian country.

I think that Do Kwon is far from stupid (at least based on his CV prior to Terra) but he is obviously not a criminal mastermind because of the way he got caught. I mean, who in the right mind goes to Europe when you are on the run and have access to all that money?

coolcoinz

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Quote from: Rikafip on March 24, 2023, 06:45:03 AM

By the way, no wonder that he got caught as allegedly this is the document he tried to use (I sure hope there are some movie connoisseurs here). Cheesy

Do Kwon wasn't superbad, rather supergreedy. Somebody should tell his prison guards to frequently perform strip searches as he might be hiding a micro sd card full of people's crypto Wink

Also, I'm not surprised he got caught. The license expired in 2008 Cool

He wasn't very smart. According to the news, he was using a Belgian and a Costa Rican fake documents. Somebody should tell him there aren't many people who look Asian in Costa Rica, and he'd have a better chance posing as a citizen of an Asian country.

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Quote from: NotATether on March 23, 2023, 10:09:32 PM

Quote from: Furious 7 on March 23, 2023, 03:19:15 PM

Seeing that some of the reports are still confusing, in fact there is the word "allegedly" which is indeed one of the things that is quite ambiguous in my opinion.

It would be great if somebody indeed confirmed the news rather than merely speculating that it was him.

And why are people still holding that garbage token LUNA anyway? It will never rise up again. Not after it brought the entire industry to its knees.

I saw some reports that said it was still not certain because there was still no further confirmation about this, but it was said that during the arrest there were two people who were arrested after they tried to get on a plane to Dubai. The two of them had forged Costa Rican and Belgian passports which were allegedly Do Kwon's. I haven't found any information when it's been confirmed.

Talking calmly, these Luna holders seem a little naive, even though they are actually aware that their condition clearly will not be as before and with their current condition I can feel how frustrated they are Grin

Lucius

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Quote from: Rikafip on March 24, 2023, 06:45:03 AM

~snip~

What you say is possible, although we know that Interpol issued a warrant for him very soon after the collapse of his project and at the time when the news that he was in Serbia appeared, his original passport should have already been canceled and I doubt that he used it. However, it turned out that even those who have a lot of money do not have to be intelligent, because people of that profile (internationally wanted) hire a private plane/ship or whatever and disappear without having any problems with border controls.

Rich and spoiled characters like De Kwon or Bankman probably consider all this to be a game with high stakes, and time will tell if the game was successful or if they will become roommates in prison.

ektotanes

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In fact, I'm disappointed that these catch-ups have lasted so long. Why did it take them so long to arrest him? It feels like they haven't even dealt with this issue all this time.

Topic: Do Kwon arrested - page 4. (Read 1646 times)