• Crypto fugitive Do Kwon was captured in Podgorica Airport last week, expecting VIP treatment.
• He possessed counterfeit documents, including fake Costa Rican passports and a Belgian passport.
• The SEC sees the situation differently, as the Terra (LUNA) ecosystem was designed as a refuge from the global financial market but it quickly crashed from $118 to fractions of a cent.
Fugitive Crypto Outlaw Do Kwon Captured
Crypto fugitive Do Kwon was apprehended in Podgorica Airport last week by Montenegrin authorities. He and his travel companion had been crossing borders illegally and possessed counterfeit documents including fake Costa Rican passports and a Belgian passport.
Do Kwon’s Great Expectations
Do Kwon was said to have traveled across many countries during his time on the lam such as Dubai, Serbia, Singapore and South Korea. Upon capture at Podgorica airport, he expected VIP treatment due to being used to living a life of luxury prior to his arrest.
The Terra (LUNA) Ecosystem
The Terra (LUNA) ecosystem was initially designed as a refuge from global financial markets with its own freely-floating stablecoin known as Terra Luna Classic (LUNC). Unfortunately for Do Kwon, it quickly crashed from $118 down to fractions of a cent within days. This has caused many people to see him as an over-confident programmer who failed in execution despite having a unique idea.
SEC Sees It Differently
In contrast to public opinion of Do Kwon’s efforts with the Terra (LUNA) ecosystem, the Securities and Exchange Commission (SEC) sees the situation very differently and is taking action accordingly against him for allegedly mismanaging funds meant for investors.
Conclusion
In conclusion, crypto fugitive Do Kwon has been captured in Montenegro after nine months on the run while expecting VIP treatment due to living life luxurious prior to his arrest. The SEC is taking legal action against him for allegedly mismanaging funds meant for investors while many others view him as an over-confident programmer who failed in execution with his unique idea of creating the Terra (LUNA) ecosystem which eventually crashed from $118 down to fractions of a cent within days.