On Monday, March 27, 2023 at 4:11:09 AM UTC-7, jack roth wrote:
> On Saturday, March 25, 2023 at 4:13:00 PM UTC-7, VegasJerry wrote:
> > Associated Press
> >
> > Do Kwon, wanted in $40B crypto crash, arrested in Montenegro
> >
> > Police in Montenegro say they have
> > arrested Terraform Labs founder Do
> > Kwon, who is wanted in South Korea
> > following the $40 billion crash of the
> > firm’s cryptocurrency
> >
> > PODGORICA, Montenegro -- Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, the European country’s interior minister said Thursday.
> >
> > “Montenegrin police arrested an individual who is believed to be one of the most wanted fugitives, South Korean citizen Do Kwon,” Interior Minister Filip Adzic said on Twitter. South Korea’s Justice Ministry on Friday confirmed the arrest of Kwon and another unidentified individual linked to the cryptocurrency crash and said it will proceed with steps to extradite them to South Korea. Both South Korea and Montenegro are signees to the European Convention on Extradition.
> >
> > South Korea asked Interpol in September to circulate a “red notice” for the 31-year-old Kwon across the agency’s 195 member nations to find and apprehend him.
> >
> > Kwon and the other man had been hiding in Serbia but moved to Montenegro after South Korean investigators tracked their whereabouts and asked Serbian authorities to detain them, the ministry said. The men were arrested at Montenegro’s Podgorica Airport while trying to depart for Dubai using fake Costa Rican passports, the ministry said.
> >
> > Kwon and five others connected to Terraform are wanted because of allegations of fraud and financial crimes in relation to the implosion of its digital currencies in May 2022.
> >
> > TerraUSD was designed as a “stablecoin,” which are pegged to stable assets like the U.S. dollar to prevent drastic fluctuations in prices. However, around $40 billion in market value was erased for the holders of TerraUSD and its floating sister currency, Luna, after the stablecoin plunged far below its $1 peg in May.
> > _______________
.
> I find this virtually impossible that I'm in agreement with VegasJerry on anything...and here
> he is against crypto. Crypto is the very definition of ponzi and I figured VegasJerry would be
> first in line to try to talk people into buying into his favorite shitcoin.
How did you 'figure' that? I've ALWAYS laughed at the idiots that buy Shit Coins.
> Tell us the truth Jerry...you had to have been for crypto first before you got your ass handed to
> you and now suddenly you are against crypto.
And all you have to do is show...
(Heh. Another Dumbo getting ready for a *** Knew You Couldn't Show ***