Terra founder Do Kwon said to be arrested in Montenegro

Do Kwon, the founder of Terraform Labs and creator of the collapsed stablecoin Terra, has been charged with eight counts of fraud by federal prosecutors in the Southern District of New York, including “wire fraud, commodities fraud, securities fraud, and conspiracy to defraud and engage in market manipulation,” according to The New York Times. Prosecutors have told the media that they will seek Kwon’s extradition.

The charges follow his apparent arrest in Montenegro on Thursday, which…