Founder of Terra (LUNA) moved cryptocurrencies while in prison

Do Kwon, founder of the cryptocurrency Terra (LUNA), is said to have made at least three cryptocurrency transactions while in prison. The allegations were made by ETV, a news platform in Montenegro.

According to the information, Do Kwon was arrested in March 2023 while carrying false documents. However, the authorities took 72 days to confiscate his electronic devices that allowed these transfers.

Born in South Korea, the developer is said to have strong ties in Montenegro, including in politics. As an example, a meeting between Do Kwon and Milojko Spajić, leader of the Europe Now movement, is cited, even though the founder of LUNA already had an arrest warrant by Interpol

Do Kwon is accused of moving his cryptocurrencies from prison

Do Kwon was the creator of the cryptocurrency Terra (LUNA) and the stablecoin TerraUSD (UST). Both collapsed in 2022, causing billions in losses to thousands of investors and causing a domino effect in the cryptocurrency market.

With an arrest warrant in South Korea since that year, Do Kwon became a fugitive, only being captured in Montenegro the following year.

Later, a dispute arose between the US and South Korea over the developer. In any case, the government of Montenegro has not given in to any of the extradition requests to date.

The new information indicates that Do Kwon would have a privileged prison in the country in question. This is because, even though he was arrested in March 2023, the Court points out that “the items seized from the two South Korean citizens were only handed over to them on June 5.”

The other South Korean mentioned is Han Chang-joon, then CFO of Terraform Labs, responsible for the development of Terra (LUNA), who has already been extradited to Korea.

In the meantime, local media accuses Kwon of having carried out at least three cryptocurrency transactions. The newspaper does not mention values ​​or which cryptocurrencies these would be.