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Do Kwon reportedly arrested in Montenegro: Int Minister

Authorities waiting for confirmation of identity

Redazione Ansa

(ANSA) - BELGRADE, MAR 23 - The police in Montenegro have arrested a suspect believed to be South Korean national Do Kwon, co-founder and chief executive officer of Singapore-based Terraform Labs, Montenegrin Minister of the Interior Filip Adzic announced today on Twitter. Adzic added that the former "cryptocurrency king," who is responsible for more than $40 billion in losses, was detained at the Podgorica airport with forged documents. Adzic noted that South Korean, American, and Singaporean authorities are looking for Do Kwon. "We are awaiting official identification verification," the minister tweeted. (ANSA).

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