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A Crypto Fugitive’s Very Public Life While on the Run | A Crypto Fugitive’s Very Public Life While on the Run |
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Not long after the South Korean government issued a warrant for his arrest, Do Kwon, the cryptocurrency entrepreneur who became a fugitive, joined a livestream with two popular crypto podcasters. | Not long after the South Korean government issued a warrant for his arrest, Do Kwon, the cryptocurrency entrepreneur who became a fugitive, joined a livestream with two popular crypto podcasters. |
They had arranged for Mr. Kwon to speak alongside Martin Shkreli, the former pharmaceutical executive who was sentenced to seven years in prison for fraud. “Hey, Do,” Mr. Shkreli said on the stream in November. “I just wanted to let you know that jail’s not that bad. It’s not the worst thing ever.” | They had arranged for Mr. Kwon to speak alongside Martin Shkreli, the former pharmaceutical executive who was sentenced to seven years in prison for fraud. “Hey, Do,” Mr. Shkreli said on the stream in November. “I just wanted to let you know that jail’s not that bad. It’s not the worst thing ever.” |
Mr. Kwon smiled and nodded. “Good to know,” he said. | Mr. Kwon smiled and nodded. “Good to know,” he said. |
On Thursday, Mr. Kwon, 31, was arrested in Podgorica, the capital of Montenegro, as he and a travel companion tried to board a private flight to Dubai, United Arab Emirates. They were apprehended after using forged Costa Rican passports, according to the authorities, and they were also carrying travel documents from Belgium that appeared to be falsified. | On Thursday, Mr. Kwon, 31, was arrested in Podgorica, the capital of Montenegro, as he and a travel companion tried to board a private flight to Dubai, United Arab Emirates. They were apprehended after using forged Costa Rican passports, according to the authorities, and they were also carrying travel documents from Belgium that appeared to be falsified. |
The arrest was the culmination of a remarkable tale of international intrigue and crypto industry chutzpah. Mr. Kwon became a target of criminal investigators in at least three countries after two cryptocurrencies issued by his company, Terraform Labs, collapsed virtually overnight. | The arrest was the culmination of a remarkable tale of international intrigue and crypto industry chutzpah. Mr. Kwon became a target of criminal investigators in at least three countries after two cryptocurrencies issued by his company, Terraform Labs, collapsed virtually overnight. |