Crypto founder Do Kwon was indicted in the US hours after Montenegro arrested him on charges of money laundering and


Key Highlights :

1. Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors. 2. Kwon had been a fugitive for several months, and South Korean authorities issued an arrest warrant for him last September. 3. Montenegro’s interior ministry said local police detained a person thought to be Kwon and a second suspect, who were trying to board a flight to Dubai at Podgorica airport. 4. Police found forged passports of Costa Rica and Belgium during the encounter, the ministry said. 5. In its civil case, the SEC accused Kwon and Terraform of ”orchestrating a multi-billion dollar crypto asset securities fraud.”


Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors.

Continue Reading at Source : news18
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