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.
Topic: Do Kwon arrested - page 6. (Read 1646 times)
He was actually hiding in Serbia most if not all of the time.
Why he appeared in Montenegro is not known now.
I suppose somebody ill advised him.
Why he appeared in Montenegro is not known now.
I suppose somebody ill advised him.
Serbia or Montenegro, he was standing out there like a sore thumb. There's not many Koreans in Serbia, just like there's probably even less of them in Montenegro. It's esy to spot a guy that looks foreign and the police has a list of fugitives so it's only a matter of time before the guy looking Korean and not speaking the local language is arrested.
As much as I don't like authority and government intervention, Do Kwon deserved to be put in jail. I hate scammers even more than governments. I hope he's stripped of all his money and made to work to pay up his victims.
The arrest of Do Kwon is a piece of good news in the cryptocurrency industry. This together with SBF's case will give a warning to people that wanted to create a company in the cryptocurrency industry that cryptocurrency is not a playground for scammers, ill-intent and incompetent people anymore.
If the assumption of many that he has the funds, then anyone that is interested in money will protect him. Aside from that, I believe that he goes in and out of a country throuh backdoor method since he has the money to pay for these illegal services.
Is this means that refund might be possible for all the victim of Luna/Ust scam? He obviously took away the company reserve funds that supposed to be supporting the token price stability.
I woulnd't get my hopes up just because he got arrested. Sure, they may force him to give the rest of the money that he still has, but that would be nowhere near to make everyone whole.
More or less the majority of the fund is probably safely hidden somewhere. Do Kwon can just give part of it and deny the rest. After all he is the one that has access to the funds.
He obviously had badly forged documents and thought he would pass under the radar - and if he had been at all smart, he could have flown from Serbia to Russia without any problems and been out of reach of anyone.
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.If the assumption of many that he has the funds, then anyone that is interested in money will protect him. Aside from that, I believe that he goes in and out of a country throuh backdoor method since he has the money to pay for these illegal services.
Is this means that refund might be possible for all the victim of Luna/Ust scam? He obviously took away the company reserve funds that supposed to be supporting the token price stability.
More or less the majority of the fund is probably safely hidden somewhere. Do Kwon can just give part of it and deny the rest. After all he is the one that has access to the funds.
He was actually hiding in Serbia most if not all of the time.
Why he appeared in Montenegro is not known now.
I suppose somebody ill advised him.
Why he appeared in Montenegro is not known now.
I suppose somebody ill advised him.
According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:
https://twitter.com/BanklessHQ/status/1638891838881910785
I can't believe that he has been arrested and he is the biggest scammer and he scammed a lot of money and also many people lives have been destroyed because this piece of shit. And There are other scammers like SBF the founder of FTX. https://twitter.com/BanklessHQ/status/1638891838881910785
There is a friend of mine and he lost almost 25000 dollars in Terra lunna tokens and he was too broke and that's why I don't go to these ponzi schemes. And that's why be alert and also safe.
Good news, if true.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.
If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.
One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.
If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.
One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.
True, we can be sure that he is holding a big mount of money in cryptos, and he must be hiding them as a pro, I mean will be almost impossible for the governments to get access to his coins. And that's bad because if the government can't access his coins then will be impossible to pay back the money to all the scammed users.
But in the end, is nice to see how there is some karma, and people should learn the lesson from this. Scammers will end up in jail and that was the main lesson.
What is planted is what is harvested. Yes, right. Fraud not only harms the individual who falls victim to the scam, it undermines trust in the cryptocurrency industry as a whole and Holding individuals accountable for their actions is equally important for promoting ethical behavior and transparency within the cryptocurrency industry.
This will not only protect individuals from scams and scams, but also encourage the growth and adoption of cryptocurrencies as a legitimate form of payment and investment and for companies to act with integrity and transparency to build trust and drive industry growth.
Good news, if true.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.
If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.
One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.
If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.
One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.
True, we can be sure that he is holding a big mount of money in cryptos, and he must be hiding them as a pro, I mean will be almost impossible for the governments to get access to his coins. And that's bad because if the government can't access his coins then will be impossible to pay back the money to all the scammed users.
But in the end, is nice to see how there is some karma, and people should learn the lesson from this. Scammers will end up in jail and that was the main lesson.
Even if the prosecutors managed to have access to his money, that would not be enough to cover the losses which were caused by the failure of his project, because this was not a conventional pull-rug.
This was not about Do Kwon selling a token and then withdrawing the liquidity off Defi (like has happened before), both Luna and Terra were available in huge markets like Binance, which means that the value of the tokens escaped from the holders through short positions made by traders, which in the eyes of the exchange, can be considered to be clean money earned through speculation.
It is more likely Do Kwon, after realizing he was done, took some millions of USD in BTC (from the Terraform labs Treasury) and went fugitive.
At best, the prosecutors have proof of his expenses while in the run and can pressure him into handing over his private keys, in exchange of less years in prison.
Good news, if true.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.
If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.
One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.
If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.
One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.
True, we can be sure that he is holding a big mount of money in cryptos, and he must be hiding them as a pro, I mean will be almost impossible for the governments to get access to his coins. And that's bad because if the government can't access his coins then will be impossible to pay back the money to all the scammed users.
But in the end, is nice to see how there is some karma, and people should learn the lesson from this. Scammers will end up in jail and that was the main lesson.
He obviously had badly forged documents and thought he would pass under the radar - and if he had been at all smart, he could have flown from Serbia to Russia without any problems and been out of reach of anyone.
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.Is this means that refund might be possible for all the victim of Luna/Ust scam? He obviously took away the company reserve funds that supposed to be supporting the token price stability.
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 due to being a flight risk (as if he wasn’t already), which means it’s possible that Do Kwon may not see himself outside of a prison for many years. I’m not sure what he was thinking. It seems like he let the money get to his head.
That was really a wrong move for someone in such a shitty situation as he is right now. After clicking the link to the post, I saw one comment under the post and it made me curious. Like is the arrest really necessary? Is he the first person with a failed project? Why his own receiving special attention from the government and public? Or is there any crime against him other than Luna crash that I don't know? Someone should clear my doubt please.
Good news, if true.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.
If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.
One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.
We should wait for further confirmation from authorities before assuming this is completely true. We all know some Twitter accounts are willing to spread unconfirmed stuff in order to be the firsts ones to have the attention of the crypto community.
If he is indeed in custody, i hope he gets accused and tried in court to face those investors he damaged and we get to know the details of the prosecutor.
One must wonder how much Bitcoin he still has hidden after the fallout of his project, I bet Montenegro is quite expensive.
According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:
https://twitter.com/BanklessHQ/status/1638891838881910785
https://twitter.com/BanklessHQ/status/1638891838881910785
Finally, He should faced a sever jail time to serve as an example on many crypto criminals that scamming their community. Justin Sun is next for doing some shitty manipulation on their project and slowly launder funds out of the treasury.
Is this means that refund might be possible for all the victim of Luna/Ust scam? He obviously took away the company reserve funds that supposed to be supporting the token price stability.
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 due to being a flight risk (as if he wasn’t already), which means it’s possible that Do Kwon may not see himself outside of a prison for many years. I’m not sure what he was thinking. It seems like he let the money get to his head.
The Montenegrin Minister of Internal Affairs also announced the news on his T account, although the identity has not yet been confirmed. However, I am not surprised that De Kown was caught in Montenegro, because his last known location was Serbia, where he hid for months. He obviously had badly forged documents and thought he would pass under the radar - and if he had been at all smart, he could have flown from Serbia to Russia without any problems and been out of reach of anyone.
That it is a small country is true, but that it is peaceful and politically stable is far from the truth. The country is actually torn between the local Montenegrins and the Serbs who, with the help of Serbia, are trying to maintain their political influence. Although I would put Bosnia and Herzegovina in the first place as a potential area where war can break out, Montenegro is in second place, considering that Russia also has an influence on everything that happens there.
Well, that is great news, right? Montenegro isn't a part of the EU and is a small, quiet country, which is why Do Kwon probably assumed it was a good place to lie low.
That it is a small country is true, but that it is peaceful and politically stable is far from the truth. The country is actually torn between the local Montenegrins and the Serbs who, with the help of Serbia, are trying to maintain their political influence. Although I would put Bosnia and Herzegovina in the first place as a potential area where war can break out, Montenegro is in second place, considering that Russia also has an influence on everything that happens there.
According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:
https://twitter.com/BanklessHQ/status/1638891838881910785
https://twitter.com/BanklessHQ/status/1638891838881910785
Finally another piece of trash from the crypto industry has been caught. I hope this bastard is punished for his mistakes.
Yeah, I'm a little surprised that it took so long. He will take his punishment, but he won't give back the money he took away from investors.
Better wait for another confirmation, their source is a Twitter user that claims:
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.
Quote
Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.
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.
I think OP is likely correct because I did a search for it and cointelegraph is up with the news as Do Kwon is being arrested. His arrest is long overdue as he has been on the run for months claiming he is open to any government call in answering any questions as to what really happened to Terra chain and investors funds.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://cointelegraph.com/news/do-kwon-reportedly-arrested-in-montenegro/amp&ved=2ahUKEwj1sdvZn_L9AhVOi_0HHdX5DIYQFnoECBcQAQ&usg=AOvVaw1qvAsSgC9nnUAZYtdTX7y-
According to the reports, he was arrested at podgorica airport, Montenegro with "falsified documents" so I was wondering why he did use fake documents in traveling if that be the case. I thought he said he was not hiding from anybody and is willing to respond to any call from the government in answering any questions.
According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:
https://twitter.com/BanklessHQ/status/1638891838881910785
But wait, while you all are at that. https://twitter.com/BanklessHQ/status/1638891838881910785
Don't you think this topic does not belong here since this is bitcoin discussion and this Luna is altcoin, please with all due respect as a staff legendary, correct me if I am wrong.
It is a big relief if confirm that the founder of Luna/USDT which crashed a few months ago has been arrested, just like Sam Bankman the CEO of FTX who is also under custody for similar crimes.
Well, that is great news, right? Montenegro isn't a part of the EU and is a small, quiet country, which is why Do Kwon probably assumed it was a good place to lie low. It's inspiring that the plan didn't work out, and he got arrested there. Scamming people (or grossly mismanaging their funds) who believed in a project and gave lots of money to it is certainly something that should be punished by law. My hope, as usual, is that as much money as possible will be returned to the victims. As for what else happens to this guy, I don't really care. I think the most important thing about financial crimes is to force the perpetrator to reimburse the victims.
Better wait for another confirmation, their source is a Twitter user that claims:
I will wait for more confirmation and official announcementQuote
Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.
Finally another piece of trash from the crypto industry has been caught. I hope this bastard is punished for his mistakes.
The arrest if it is real, does not mean much for Terra Classic project and investors or traders who lost their lives with Terra LUNA and UST death spiral in the last year.Terra Classic changed to be like a community project and will not be affected by Do Kwon arrest.
This is interesting! But, can anyone alo help me in finding Podgorica as I want to go there and see if crypto as a currency is widely accepted.
Don't know why he chose this place but I bet there are various ways to hide yourself from banks and government in that piece of land known as Podgorica
Don't know why he chose this place but I bet there are various ways to hide yourself from banks and government in that piece of land known as Podgorica
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