The fugitive co-founder of Singapore-based Terraform Labs, the cryptocurrency firm behind the infamous Terra/Luna tokens that crashed in 2022, was charged with fraud by US prosecutors in New York on Thursday.
This was hours after the authorities in Montenegro arrested him as he prepared to board a flight.
Do Kwon, a South Korean national, faces eight counts, including wire fraud, commodities fraud, securities fraud and conspiracy to defraud and engage in market manipulation.
Montenegro Interior Minister Filip Adzic said on Twitter that Kwon was detained at the airport of the European country's capital Podgorica with false documents.
Also detained was Terraform Labs' chief financial officer Hon Chang Joon.
Media reports said it was unclear if Kwon's arrest was at the request of the US authorities.
Diese Geschichte stammt aus der March 25, 2023-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 25, 2023-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
SPANKED LIONS WILL LEARN
Ogura apologises, but insists they must challenge themselves and rivals to improve
'LEADER' MBAPPE OOZES LUXE
France skipper plays part in all three goals against Luxembourg in friendly victory
CONFIDENCE SOARING, SWIATEK WHIPS GAUFF
Dominant Pole a step away from third straight title; Djokovic has op on right knee
CELTICS READY TO GET JOB DONE
Boston stars Tatum and Brown will draw from past failures in bid for elusive title
MEAGHER EYEING ELUSIVE BOWL
Australian handler bullish about his rising star Lim’s Saltoro lifting Group 3 feature
US to open antitrust probes of Microsoft, Nvidia and OpenAI
Intensifying scrutiny of Al industry comes amid questions of tech giants’ dominance
Strong rebound in US services sector makes rate cuts less likely
Meanwhile, job market is normalising with better balance between supply and demand
4 bus passengers, pedestrian taken to hospital after Jalan Besar crash
Four bus passengers, including a 93-year-old, and a pedestrian were taken to hospital after an accident on June 6 involving a Tower Transit bus and trailer truck near Sim Lim Tower in Jalan Besar.
Putin says US court system is being used against Trump
Russian President Vladimir Putin said on June 5 that his country did not care who wins the US presidency, as this would probably not change anything for Moscow, but he said the US court system was clearly being used in a political battle against Donald Trump.
Israel behind influence op targeting US lawmakers over Gaza
Campaign uses fake accounts to post pro-Israel comments on social media