Is terraform Labs founder do Kwon arrested in Montenegro?

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. The founder of Terraform Labs, Do Kwon, appears to have been arrested in Montenegro, according to a tweet by the country's minister of interior, Filip Adzic.

What happened at Podgorica Airport in Montenegro?

Montenegro's interior ministry said police detained a person thought to be Kwon and a second suspect, who were trying to board a flight to Dubai at Podgorica airport. Police found forged passports of Costa Rica and Belgium during the encounter, the ministry said.

Why did Kim Kwon get arrested?

In September, a South Korean court issued an arrest warrant for Kwon, after he was accused of fraud by investors in the country in the wake of the collapse of his company. Kwon has been charged with fraud and breaches of South Korea’s capital markets law.

Does Montenegro have an extradition treaty with South Korea?

He faces charges of securities fraud, wire fraud, commodities fraud and conspiracy, according to an indictment made public at the US District Court in Manhattan on Thursday. A lawyer for Mr Kwon did not immediately respond to BBC requests for comment. Montenegro does not have extradition treaties with the US or South Korea.