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.
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.
