According to ChainCatcher, 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.

An official from the Montenegrin Special Police Department told Portal ETV that during a search of prison detainees, including Do Kwon, laptops, mobile phones, encrypted wallet login information and "other codes to access the blockchain" were found.

Two sources said that at least three cryptocurrency transactions were made using Do Kwon's encrypted wallet while Do Kwon was in custody. The information was made through an account associated with a mobile phone company in Podgorica.