Terra Founder Do Kwon Allegedly Transferred Crypto Assets From Prison

According to Foresight News, Terra founder Do Kwon was arrested in Montenegro on March 23, 2023. However, his electronic devices were not handed over to the investigating judge until June of the same year. Due to the police's failure to promptly seize his cryptocurrency private keys, Kwon was able to successfully transfer digital assets from prison. The transferred cryptocurrencies are believed to include millions of dollars worth of Luna and TerraUSD. Two sources indicated that at least three cryptocurrency transactions were conducted using Kwon's crypto wallet during his detention. These transactions were traced through accounts associated with a mobile phone company in Podgorica. Sources suggest that Kwon's arrest was premeditated, with Montenegro border forces receiving a tip-off about his forged passport. The Montenegrin Minister of Justice has yet to decide whether Kwon will be extradited to South Korea or the United States.