According to TechFlow, on October 16, Protos reported that Terra founder Do Kwon was arrested in Montenegro on March 23, 2023, but his electronic devices were not handed over to the investigating judge until June of that year. After the police failed to confiscate his cryptocurrency private keys in time, they successfully transferred digital assets from prison. Two sources said that during Do Kwon's detention, at least three cryptocurrency transactions were made using Do Kwon's crypto wallet. The information was made through an account associated with a mobile phone company in Podgorica. Sources said that his arrest was planned and that the Montenegrin Border Guard had received a report that Do Kwon had forged a passport. The Minister of Justice of Montenegro has not yet decided whether to extradite Do to South Korea or the United States.