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Terra Co-Founder's Arrest: The End of a Fugitive's Luxury Run

Terra ecosystem's founder, Do Kwon, has been on the run since its collapse in May 2022. Despite his unknown location, authorities were searching for him in connection with the downfall of the $40 billion empire.

Do Kwon
Do Kwon

Terra Co-Founder Arrested in Montenegro, Video Goes Viral

On March 23, 2023, Do Kwon was unexpectedly arrested in Montenegro while trying to board a private jet to Dubai at Podgorica Airport. A video of Kwon leaving the Montenegrin court in handcuffs quickly went viral.

Kwon Expresses Surprise at Arrest by Police Officials

In a recent statement, Kwon told police officials that he was taken aback by his arrest, having not anticipated it.

Do Kwon Enjoyed VIP Treatment While on the Run

Kwon also shared with the police that he experienced luxury services as a fugitive after Terra's collapse. Interior Minister Filip Adzic said in an interview that Kwon and his companion appeared genuinely surprised, as they were used to VIP treatment elsewhere in the world.

Illegal Entry into Montenegro and the End of the Hunt

Adzic mentioned that Terra's CFO, Hon Chang Joon, and co-founder Do Kwon entered Montenegro illegally, as they were not registered upon entry anywhere in the country. The capture of Terra's co-founder marked the end of the month-long search for the company's boss.

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