According to ChainCatcher, Montenegrin police have arrested Roman Ziemian, co-founder of FutureNet, for fraud involving $21 million, according to Cointelegraph.

He is currently charged with fraud, money laundering and theft and may face life imprisonment.

Previously, Roman Ziemian co-founded FutureNet with Stephan Morgenstern in 2018 and sold "participation packages" ranging from $10 to $10,000, promising profits to investors who persuaded others to buy into the program.