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Breaking: Terraform Labs co-founder Do Kwon reportedly arrested in Montenegro


According to a post from Filip Adzic, Minister of the Interior of Montenegro, an individual suspected of being Terra Luna co-founder Do Kwon has been arrested within the territory of the Balkan nation on Mar. 23. Since the announcement was first made, local news outlet Vijesti has confirmed that the Twitter account that made the announcement is from the Minister of the Interior of Montenegro and that the individual arrested was a South Korean national.

The same day, South Korean local news outlet Yonhap News Agency said authorities confirmed based on “photo data,” alongside name, nationality, and age of an identification card that the arrested individual was the same person as Terraform Labs’ CEO Do Kwon. The former blockchain executive’s aide, Han Mo, was also reportedly arrested with him in Podgorica. However, the National Police Agency of South Korea stated it was still waiting for “fingerprint information” from Montenegrin authorities to fully verify that the arrested individuals are in fact Do Kwon and Han Mo. South Korean prosecutors previously revoked Kwon’s passports in Oct. 2022.

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