Do Kwon Charged With Fraud by US After Arrest in Montenegro – Bloomberg

Terraform Labs co-founder Do Kwon was charged by US prosecutors with orchestrating a yearslong cryptocurrency fraud that wiped out at least $40 billion in market value.

His indictment Thursday evening by the US attorney’s office in Manhattan capped a dramatic day that began with the news that Kwon, already a fugitive from charges in his native South Korea, had been arrested in Montenegro. It’s unclear if the arrest was at the request of US authorities, but federal prosecutors said they would seek his extradition to New York.

Source: Do Kwon Charged With Fraud by US After Arrest in Montenegro – Bloomberg