Do Kwon, the co-founder of Terraform Labs, who was detained by Montenegrin police, is wanted by the United States and South Korea.
Do Kwon wanted by US and South Korea
According to Bloomberg, Do Kwon is a criminal on the run who both South Korea and the United States want on charges of multibillion-dollar fraud.
The stablecoin TerraUSD, which failed in May 2022, was created by Terraform Laboratories in South Korea, where Kwon worked as a crypto entrepreneur and CEO.
The United States and South Korea are looking for Do Kwon, a co-founder of Terraform Labs who was taken into custody by Montenegro.
The government is looking for Kwon in relation to a cryptocurrency scam that cost the market at least $40 billion.
You might also like: Singapore investigating Do Kwon’s Terraform Labs
Kovac told reporters on March 29 in Podgorica that the seriousness of the crimes, the location of the crimes, the chronology of the requests, and the citizenship of the suspects would all be taken into account.
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Author: Wayne Jones
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