According to the Minister of Interior of Montenegro, Filip Adzic, Terra Founder Do Kwon has reportedly been arrested in Montenegro. 

U PODGORICI UHAPŠEN JEDAN OD NAJTRAŽENIJIH SVJETSKIH BJEGUNACA

Crnogrska policija lišila je slobode lice za koje se sumnja da je jedan od najtraženijih bjegunaca, južnokorejski državljanin Do Kwon, suosnivač i izvršni direktor Terraform Labs sa sjedištem u Singapuru.
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— Filip Adzic (@filip_adzic) March 23, 2023

The tweet reads;

“ONE OF THE WORLD’S MOST WANTED FUGITIVES WAS ARRESTED IN PODGORICA

Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.”

According to the authorities, he was found in an airport with falsified documents and was taken into custody on the suspicion of his identity.

Montenegro is geographically south of Serbia and shares borders with the country. Since December 2022, South Korean prosecutors have alleged that Kwon was hiding in Serbia, where no extradition agreement exists with South Korea. 

Interpol issued a red notice for the arrest of Kwon last year and was wanted by regulatory authorities in South Korea, Singapore, and the U.S.