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Topic: Do Kwon arrested - page 5. (Read 1780 times)

hero member
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March 26, 2023, 06:18:51 PM
#52
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.
legendary
Activity: 2002
Merit: 4743
March 26, 2023, 06:26:42 AM
#51
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
legendary
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March 25, 2023, 10:00:23 AM
#50
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.

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
legendary
Activity: 1722
Merit: 5937
March 24, 2023, 05:02:24 PM
#49

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?


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?
legendary
Activity: 2814
Merit: 1192
March 24, 2023, 03:21:49 PM
#48

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.
hero member
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March 24, 2023, 02:39:07 PM
#47
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
legendary
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March 24, 2023, 09:37:02 AM
#46
~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.
jr. member
Activity: 61
Merit: 6
March 24, 2023, 06:48:53 AM
#45
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.
legendary
Activity: 1722
Merit: 5937
March 24, 2023, 06:45:03 AM
#44
I somehow believe that he would have done much better if he had flown from Serbia than if he had gone to Montenegro. A few months ago, there were rumors that he was last seen in Serbia, and it is logical to assume that he arrived in that country by plane and passed control at the airport. The question is how the facial recognition system they use when checking every passenger didn't detect it in Serbia, but it did in Montenegro?
Maybe he came to Serbia before Singapore issued arrest warning and cancelled his passport and only after that happened he got stuck there? My guess is that his plan was never to actually stay in Serbia and instead move someplace safer as Europe is generally a very bad place to hide but since his passport got cancelled, he had to make another plan (getting fake documents and then trying to fly from Montenegro).



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






legendary
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March 24, 2023, 06:21:48 AM
#43
Well, who is to say that Serbs woulnd't arrest him with fake documents if he tried fly to Russia? But even if he managed to reach Russia, I am not so sure that he would find any protection in Russia as he is not Snowden or someone of that caliber so Ruissia has some actual interest to protect him.

I somehow believe that he would have done much better if he had flown from Serbia than if he had gone to Montenegro. A few months ago, there were rumors that he was last seen in Serbia, and it is logical to assume that he arrived in that country by plane and passed control at the airport. The question is how the facial recognition system they use when checking every passenger didn't detect it in Serbia, but it did in Montenegro?

Serbia is a country where you can get almost anything you can think of for money, and it also has direct flights with Moscow. De Kwon obviously wanted to travel to a slightly better location than Russia, and that cost him his freedom. As for me, let him rot in prison for the rest of his life, even though the damage he caused is measured in tens of billions of $ that no one will be able to compensate for, the fact that he is no longer free is still a small consolation for the victims.
legendary
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March 24, 2023, 04:33:15 AM
#42
Surprised he didn't last longer, really. Thought his money would have taken him far.

I find it a bit weird and stupid for him to use a European airport, despite not being part of the EU Montenegro has a ton of extradition treaties, and with him on the Interpol list, there is no chance they will not deport him. Pretty a stupid move, he should have fled to some south Asian country instead.

Probably easier to move around there, true, but then he probably also fears the retribution that he is likely to run into with the deep networks of triad members who would have found him a bit more easily than in Europe. I'd wager he felt safer dealing with the higher risk of formal enforcement than with the lower but deadlier risk of informal street justice.
newbie
Activity: 54
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March 24, 2023, 04:31:28 AM
#41
It's important to remember that an arrest doesn't necessarily mean guilt, and we should wait for more information before making any assumptions.
member
Activity: 73
Merit: 17
March 24, 2023, 04:15:06 AM
#40
He will be deported to Korea according to the statement of a Montenegro judiciary official


https://www.pobjeda.me/clanak/juznokorejski-drzavljani-zadrzani-nakon-saslusanja-u-odt-u
hero member
Activity: 1008
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March 24, 2023, 02:59:47 AM
#39
According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785
Good riddance and a job well done. But sometimes I wonder why these crypto riff raffs take too long to be pinned down, esp with the level technology has advanced, because I don't think that dude is smart enough to change his features, hehee. Imagine been charged with eight counts of fraud including a conspiracy to indulge in market manipulation, such a pin down is really welcomed. But my question is, the more such individuals are wiped out, more unscrupulous ones keeping rising up. How do we contain this menace to the crypto world?
legendary
Activity: 1722
Merit: 5937
March 24, 2023, 01:29:58 AM
#38
It would be great if somebody indeed confirmed the news rather than merely speculating that it was him.
The news originated from Montengero minister of internal affairs and not from some random guy so it was very likely that it was Do Kwon. Anyway, seems like the man arrested at Montenegro airport with falsified documents is indeed Do Kwon as Interpol confirmed it to CNN.

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 guess some people lost so much that its easier to hope they will recover from their loss rather than accept the truth.
hero member
Activity: 1778
Merit: 907
March 24, 2023, 12:57:13 AM
#37
The recent news brings both positive and negative aspects for the crypto industry. On the one hand, Luna holders may face another potential drop in value due this news. On the other hand, it is crucial to hold scammers accountable for their actions, as it helps prevent others from engaging in fraudulent activities.

Investigating scams is vital to uncover how they occurred and where the funds went. This information can be used to prevent similar incidents in the future and protect innocent individuals from harm.
It's about time he was caught; he's at fault for the billions lost by screwing over his investors. Eventually it would happen; he couldn't hide forever, especially as a Korean on the European continent. However, he and Luna were already a lost cause; it wasn't like he'd be able to continue the development of Luna, and his arrest won't have any serious effect. How much worse can it get for its investors? USTC, LUNC and Terra have hit rock bottom for months now; they can't go much lower.
legendary
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March 23, 2023, 10:09:32 PM
#36
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.

good news if true, accountability for his actions must be accounted for, even though the funds cannot be returned at least he has been in prison for his actions whether intentionally or not about money loundry

The market is two-fold, money lost through the depreciating value of an asset does not go through a black whole, it goes to the person(s) who shorted it - ironically the guy who did lost it on FTX (and whoever benefitted from shorting Alameda Research now has the value).

No-one's getting their money back from this guy.
copper member
Activity: 2156
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March 23, 2023, 09:53:28 PM
#35
Arrested with false documents isn’t a good look for Do Kwon at all. That will likely mean he won’t be able to bail out of jail

No probably do know never bail out the jail after what happened to UST. the world will follow the case
sr. member
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March 23, 2023, 06:27:49 PM
#34
Let's hope this suspected  Do Kwon according to the report is the real one. Let the news just be solid.
But eve if he is taken to court today and be charge of his crimes what difference will it make if not just adding few cash to the Fed's account and then a prison serve if possible. I don't really think he have 40 Billion Dollars any where which can be used to pay back all the customer's which funds where mismanage..
I just hope something positive come out from this news.. really feel pity for all the victims.
sr. member
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March 23, 2023, 04:34:58 PM
#33
good news if true, accountability for his actions must be accounted for, even though the funds cannot be returned at least he has been in prison for his actions whether intentionally or not about money loundry
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