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Montenegro's interior minister said that the country's police had likely arrested Do Kwon, the co-founder of Terraform Labs, on Thursday in Montenegro.
Do Kwon is on the run and is not cooperating with the investigation into the collapse of TerraUSD and Luna, according to multiple media reports in Korea.
Financial authorities are keeping an eye on the cryptocurrency market following the crash of TerraUSD cryptocurrency and its sister token Luna, but admit there's not much they can do immediately.
Korea JoongAng Daily Sitemap