It’s been an exciting week for justice fans with some of the world’s most notorious fraudsters facing the heat. This week, the Montenegrin police have detained one of the most wanted fugitives in the world, Do Kwon, the co-founder and CEO of Singapore based Terraform Labs.
Do Kwon, often referred to as the “cryptocurrency king” is responsible for causing losses of more than $40 billion and was caught at the Podgorica airport carrying falsified documents. South Korea, USA and Singapore are all demanding his extradition.
As Montenegro’s Minister of Interior, Filip Adzic tweeted, this person is the reason thousands of families had their lives destroyed. Do Kwon was a notorious crypto shill, who had built a fake ecosystem based on spoofed transactions and had even managed to orchestrate a secret bailout of his own funds while telling the public it was the “strength of his algorithm”.
Do Kwon’s lack of empathy for the people he had defrauded was evident when he made jokes at the expense of retail investors who had committed suicide. It is only fitting that the full force of the law descends on Do Kwon for his actions.
It is still unclear how Do Kwon managed to make his way to Montenegro, a small country in the Balkans, in the first place. There have been no denials from Do Kwon yet, leading many to believe that the police have caught the real culprit. It is only a matter of time before the official confirmation of identity arrives.