Did Do Kwon Really Say That? Terra Founder Claims Surprise at Arrest – A Deep Dive

The saga surrounding Terra founder Do Kwon takes another bizarre turn. New reports suggest Kwon, the central figure in the Terra-Luna coin scandal, expressed surprise at his arrest to Montenegrin authorities. This comes after months on the run, following the collapse of the TerraUSD (UST) stablecoin and its sister token Luna, wiping out billions in investor wealth.

South Korean officials have confirmed the arrest of Do Kwon, according to a report by Yonhap. The details surrounding his capture continue to emerge, adding layers of intrigue to this already complex case. Was Kwon genuinely unaware he was a wanted man? Or is this a calculated move as he faces potential extradition and legal battles?

Authorities arrested Kwon as he was attempting to board a flight to Dubai on 24 de mar. de 2025. South Korean law enforcement promptly verified his identity following the arrest. Kwon is known to be at the center of the crypto crash.

Adding another layer of complexity, a report from 22 de nov. de 2025 in Zagreb, Croatia indicates that Terraform Labs co-founder Do Kwon told officials in Montenegro he had enjoyed luxury treatment during months on the run over a cryptocurrency fraud allegedly. According to Filip Adzic, Montenegro's Justice Minister, Kwon claimed he received opulent treatment, a stark contrast to the devastation his company allegedly caused investors.

While the full details of Kwon's statements remain unclear, his reported surprise at his arrest raises questions about his understanding of the international pursuit against him. As investigations continue and extradition proceedings loom, the world watches to see what explanations – and justifications – Do Kwon will offer.

Stay tuned for more updates on this developing story.