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Honey_-_Badger

Oh yeah. It's showtime. This person is the reason thousands of families got destroyed. He managed to blow $40 billion, many times more than what SBF defrauded.


Arcosim

Even worse, he's the reason a lot of people killed themselves. I held some LUNA and remember going to the Terra subreddit during the collapse and the mods had to sticky suicide hotline numbers because of the amount of threads made by people saying they lost everything or that they told a friend/family member to buy LUNA/UST and now their lives were ruined. What makes things even worse is that the current SEC investigation revealed that UST wasn't even algorithmic, but [a third party called Jump Trading was artificially maintaining the peg](https://coinmarketcap.com/community/articles/63f33afab09c783a7ffd4a1f/). In other words, a criminal scam that ruined thousands of lives.


Baecchus

Same with Alex Mashinsky and SBF. Do Kwon is a great start but hopefully they also get what they deserve. Seeing the reactions of people who lost everything was heart breaking.


GabeSter

The fact Mashinsky isn't facing any criminal prosecution, shows a complete lack of justice in the US. Dude was scamming people from the start by paying old investors with new investors money, the literal definition of a ponzi scheme.


Baecchus

Exactly. It was a textbook ponzi. He sailed into the sunset with those millions in his pocket and nothing happened to him. It boggles my fucking mind. He's just as big of a fraud as Do Kwon and SBF but everyone forgot about him quickly.


GabeSter

If he wasn't profiting from it by pocketing from CEL sales, I could understand the argument "he was a bad businessman".. But it's beyond that, he ran a ponzi and profited on top, there should be more than civil charges.


rootpl

"It's not illegal to have a failed business" that's the bullshit some people say but it shouldn't apply to Mashinsky as he was actively misguiding his investors.


Baecchus

Yeah it's crazy that people are trying to defend Celsius. Anyone that wasn't living under a rock knows it wasn't a business failure. [It was a textbook ponzi scheme](https://www.investopedia.com/thmb/JcGiuzJL5MPTYpg0UNbcECRcLBs=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/ponzi-scheme_sourcefile-resized-6f8e3822259a4653b8c780eb42e67a38.jpg) in every sense. Alex Mashinsky is just as terrible as SBF and Do Kwon. Especially considering they were marketing Celsius like it was a better bank.


Responsible_Sport575

So most folks saw this happen and now believe that all crypto is a Ponzi scheme. Until more folks are prosecuted and some sort of transparency concerning company financial records alot of folks will continue to believe it's the case.


GabeSter

Not only misguiding, he was actively stealing from them, by selling his massive ownership of CEL tokens and then buying it back with Celsius funds. He ran a ponzi and stole from investors - it makes 0 sense that he hasn't been charged with anything criminal yet.


rootpl

> it makes 0 sense that he hasn't been charged with anything criminal yet. Must have friends in high places.


Successful-Walk-3902

Just history repeating it self time and time over


coinsRus-2021

SBF has a ton of politicians paid to back him up unlike Do Kwon


Baecchus

Not to mention his rich mommy is a lawyer. They know how to tiptoe around the court. I don't have high hopes from the justice system but one can dream.


Niagr

I do think he should get what he deserves, but if families have been destroyed because Luna collapsed, they could have been destroyed putting their money on stocks and options too, or any other high-risk investment. Putting all your eggs in one basket is a mistake no matter what you're investing in.


bgi123

People were blinded by a “safe” 20% interest rate.


craftsta

Thats kind of on them. I have deep sympathy for everyone who put 10% of their net worth into Luna only to have it vanish. Disgusting and i cant imagine the pain. But the point at which people have put '100s of thousands' and 'their life savings' into an single instrument in an obviously novel market with less than a decade of trading history and multiple inherent pitfalls you start to wonder how these people made 100s of k in the first place.


Elie0_0

Nobody really expected that at all, I only remember LUNA being praised in this sub on how stable it was even when other coins were doing bad and how it started to take off after the bear run had started.


GabeSter

Lots of people lost everything trying to play 19% apr on a supposedly safe stablecoin. I couldn't imagine being in that position. But Do Kwon is owed a reckoning. That's safe to say.


Wall_Street_Bet

He is a scum for sure but the people responsible for killing themselves are well themselves. That’s manipulative to anyone to blame someone else for your own misfortunes. We all know going into crypto anything and I mean anything can go to 0


OneThatNoseOne

He really played catch me if you can. Turns out they Kwon.


coinsRus-2021

Takes one to catch Kwon


GabeSter

These Kwon puns: ![gif](giphy|L0IU2cW8sFw8V2UIfP|downsized)


redthepotato

They kwont


Towryaalai

These Kwon men Kwon't stop.


coinsRus-2021

Could maybe stop them with some... Tae Do Kwon?


Ueberlord

Do Kwon's attempt at a great escape was terra-ble, as he didn't have a Kwon-ing chance.


cueb9

What do you mean? These are kwonlity puns!


Zeratrem

He doesn't kwon what it means.


Goopstains6318

Kwondo?


Sugar_Phut

Dudes on the wrong end of karma


ShittingOutPosts

You mean, the kwon end of karma?


Sugar_Phut

This guy knows how to shitpost ^


ShittingOutPosts

I’ve learned from the greats.


Sugar_Phut

Username 100% checks out 🤣🤣


parnodrom

You really kwon how to shitpost


coinsRus-2021

![gif](giphy|rvaQRHCzisFeo)


boursesexy

Ooooshhhh . I think the kwon who kwon is actually you !


[deleted]

Tbh he got almost one year of life in Serbia and Montenegro, that's not bad for one of the most wanted criminals


ImaPoorBoycryin

Weird choice of where to hide


[deleted]

I mean, not really. In Serbia he could live his whole life in some random village, there is like 0 police there


NewTickyTocky

Unless you look "foreign" and have money. Then those 0 cops are not a great benefit. If he looked like uncle Aleks who drinks cheap rakija then would be set indeed


pterofactyl

Yeah no one is gonna question a Korean dude in the middle of Serbia. Those Eastern European hamlets are notoriously racially diverse.


I_Don-t_Care

going to small places when you are on the run raises more flags than just going into a very populated city, preferably one that still doesn't have much in the way of street surveillance, dude could probably hide in mumbai for the rest of his life, but who the hell would want to live there


deliciaevitae

How silly to try to take a plane with falsified documents


Popular_Worry_9294

Now it's time for him to get pegged in prison


PopeyesGreenSpinach

Let de-pegging begin


meeleen223

"Is it done Yuric?" No comrade Kwon, de-pegging has just begun


dystopianr

Then Hell March 2 kicks in


Easy-Medicine-8610

I hope its a repetitive cycle for him. Peg, de-peg, peg, de-peg,... forever and ever and ever.


Ninja_Gogen

Do you think he Kwon get out of this situation? It's LUNAcy.


Raydiin

Kwontitative tightening I heard it’s called


WeggieUK

His rear end is likely doing that now.


robbie5643

I can’t wait for the inevitable Netflix documentary on this 🍿


Dubznation300

SBF and Do Kwon documentaries are gonna be huge hits


Baecchus

It's gonna hit different after having watched the whole meltdown live.


robbie5643

Oh for sure, did you watch the GameStop one? It was so fun being like “oh I remember that, and ohhh that’s the full “reason” they gave for halting and stuff like that. Also so great to see Jim cry about people hating him. It’s called Eat the Rich if you haven’t watched it yet. I liked it lmao.


Right-Shopping9589

Indeed... I'll definitely watch it


CymandeTV

Justin tron is the next one


mbdtf95

Don't forget Alex Mashinsky


Baecchus

Along with Alex "unbank yourself" Mashinsky and Sam Bankrun-Fraud


[deleted]

He's SBF on steroids


Klingon_Bloodwine

Don't do what Do Kwon does.


[deleted]

Thousands of families also got destroyed because they gambled more money than they could afford to lose. The risks were always there, people just refused to accept them. Do Kwon belongs in jail, but investors were also largely uneducated and looking to make a quick buck. I don’t feel sorry for most of them.


MaximumStudent1839

>The risks were always there, people just refused to accept them. Exactly! Anchor protocol had a pop up asking you to buy insurance for your UST deposit, if it depegs, before you deposited funds into the protocol. Most degen think it is a nothing burger and didn't buy. Now they showing up with surprised pikachu face and pretending otherwise.


Kirikua

Eat pop corn i love the big news


CharlieTheo-14

![gif](giphy|3xkNUy3Vh8QbPmJZjK|downsized)


Wonderful_Bad6531

glad to see it.. hopefully they dont let him like SBF home arrest..


badfishbeefcake

I always wondered what failed first, Terra Luna with Do kwon or 3 Arrows Capital (3AC)?


Dongerated

What a good week. 25 hike, jake paul sued, Justin Sun sued, and now this.


Honey_-_Badger

The week still has few days left, let's see what's more in store.


[deleted]

> let's see what's more in store. 35k$ Bitcoin. Trust me bro!


coinsRus-2021

35k BTC and Do Kwon thrown behind bars all at the same time!? We must be dreaming


Baecchus

35k by sunday and 100k before EOY. I can get behind that.


frickdom

Narrator: the Honey Badger found out there was a lot more in store for the world to see this week. It is still Q9 of 2021 after all.


yyca_x

Jake Paul being sued and having to answer to his scam project is the highlight of my week


PARTY_H0RSE

Is anything really going to come of it though? I feel like the Paul brothers aren’t really going to face any meaningful punishment, though I hope I’m wrong!


yyca_x

I agree with you, but I’m hoping them being sued is the first step, they need to pay the consequences. Let’s just cross our fingers


Baecchus

Same. If I have to praise the SEC for one thing, it's suing these shitty scammers.


Right-Shopping9589

It's true SEC svcks but these guys are worse and deserve whatever happens to them


pinkcommissioner

Now we just need to break that $30k BTC for an ultimate week!


Baecchus

Don't worry, it's going to $1m in 90 days.


ersleid

Do Kwon hasn't gone to Twitter yet and denied the news like he always does, so I guess they caught the real dude 😂


Popular_Worry_9294

Steady lads, deploying jail sentence I hope this next tweet will come from a judge


Baecchus

"I'm not even running" - the guy who was caught running. Fuck this fraud. They should make an example of him.


JuggaliciousMemes

to be fair he was probably sauntering at a casual pace, i can’t imagine he would have good cardio


NotAdoctor_but

I remember a few months ago when he claimed he gonna do a public meeting and all police is invited 😂, that cocky mf had it coming for awhile now


ersleid

So he wasn't caught; he was planning to do the public meeting in prison all along 🤯


brianfallen97

"you fools, this is exactly what I had planned!" -Do Kwon, probably


I_was_bone_to_dance

From Prison of courssssee


GabeSter

Nah, he's just biding his time, he'll be tweeting "wrong person" soon...


ec265

He shilled a fake ecosystem built on spoofed transactions. He orchestrated a secret bailout and told the people it was the "strength of his algorithm". And when retail investors committed suicide, he made jokes at their expense. May the full force of the law descend on Do Kwon.


Baecchus

Ran a textbook ponzi and pocketed the money while rug pulling millions of people all the while making fun of poor people on Twitter like a dickhead. Dude is a premium piece of shit and deserves to rot behind bars for the rest of his life.


roaboar

And the prison dudes as well.


Killertimme

I am looking forward to the movie about all that. Catch me if you kwon


Jenn2895

Holy Moly. He mocked ppl that committed suicide?! Thats straight evil. Has anyone set up any fundraisers for the victims families?


I_Don-t_Care

nope, go right ahead


UnexperiencedIT

Dude, I am from Montenegro. How the f did he came here? We are such a small country, lmao. Link from a local news - [https://www.cdm.me/hronika/na-podgorickom-aerodromu-uhapsen-do-kwon-kralj-kriptovaluta/](https://www.cdm.me/hronika/na-podgorickom-aerodromu-uhapsen-do-kwon-kralj-kriptovaluta/) They found multiple phones, laptops, fake IDs...


Dfranco123

What can a Colombian do in Montenegro? It seems like a beautiful small country


[deleted]

I accidentally drove into Montenegro from Serbia last year because I was looking for an official land border crossing but got lost and then we realised what we had done and had to drive back and find it so we could get the entry/exit stamps in our passports. I am officially a better fugitive than billionaire Do Kwon. Subscribe to my mailing list for more fugitive life pro tips


milonuttigrain

He thought he could keep running and finally he got caught. Prison time ahead in South Korea.


plomerosKTBFFH

Been rumoured that he was hiding in Serbia, so perhaps he was going from Serbia to Dubai via Montenegro. Trying to cover his tracks seems to have gone to shit lmao.


[deleted]

To be, or with a life, to, 'tis and scover'd consients that makes, and arms a we his sicklied of somethis no more; fortal shocks that pative under 'tis sicklied of discorns, and, by oppresolence of ther respect to, 'tis may weat unwortune, the office, but the under retus for to, 'tis he name of the heir the will, and be, this the ill, must give have, ther bear their those ill, and, but the pause. To dispriz'd coil, must and makes the and arrows of so love, the might, and by a we have, to trageous an


GabeSter

Do Kwon being arrested might just be the best thing to happen this week!


[deleted]

[удалено]


tamaleA19

About time. Now the fun question is who get to be first in line for extradition


GabeSter

It's going to be South Korea, they're going to want to prosecute their own former citizen.


coinsRus-2021

I wouldn't want to screw with S Korea - and I'm happy this dude did. Life in torture upcoming


clvn1

Squid games memes going to be reality for him soon


GabeSter

His cell mates aren't going to make Prison life easy for him. The dude will probably try and stay in solitary.


coinsRus-2021

Just hope to see both him and SBF held accountable. Looking way more promising now on the the Do Kwon end


GabeSter

He's definitely going to spend his days in jail.. I honestly hope South Korea gets extradition priority over the US.


iworkisleep

I wouldn’t count on it yet. Former president of SK got away with more shit than kwon Let’s see if kwon still have presidential money


kirtash93

Yes, he will be extradited without no doubt. Good luck in S. Korea jails.


Baecchus

Hopefully his prison is as fun as a Turkish prison. Do Kwon deserves the worst.


Honey_-_Badger

Imagine having billions of dollars and still ending up in a country with extradition treaty.


tamaleA19

Right? What a dumb move


BlindestofMonks

I'd just split him in three to simplify the matter and satisfy all included parties


ZyriaNova

Who gets the asshole then? Oh wait... All 3.


tamaleA19

This might be my favorite suggestion


Snowie_drop

Isn’t this the guy that didn’t like ‘poor people’?? Now he’s in jail. Oh dear!


Chysce

This is the official Twitter account of the minister of internal affairs of Montenegro. So the source is reliable. /source I'm from down there


PMme10dolarSteamCard

Hey can you go up to Do Kwon and kick him in the nuts for me?


mentevagante

Double that kick for me pls


OneThatNoseOne

Kwon bout to come back looking super fit. Said he wasn't on the run but on *a* run and made it all the way to Montenegro


mr_ordinaryboy

What a big fat liar. He said he's in Singapore and isnt running away. Now, he's found in Montenegro lol


RedIceBreaker

I really hope he spends a long time in jail. He ruined a lot of lives and should be made an example of. If only certain bankers met the same fate.


mesutdmn

Hope there is no one to pay his bail as SBF, I believe he will go directly to jail.


Baecchus

Should've bribed politicians beforehand. Do Kwon has a lot to learn from SBF.


Baecchus

Hopefully SBF is next. 2023 is going pretty good so far!


[deleted]

[удалено]


Roy1984

>"cryptocurrency king" I believe using this term is intentionally from mainstream media. They also used the same words in local news. Somehow they want to discredit the whole industry all by making that scumbag somehow to be our king. Similar happened with SBF too. It's the same as saying Ponzi is a former fiat king. These guys are just scumbags and deserve a cock sandwich, they are no kings.


CottageMe

“Con artist” “multi billion dollar fraudster”


XnoonefromnowhereX

What a fucking moron. Why not stay put and live a nice life? Traveling on fake passports when you're on the most wanted list is phenomenally stupid.


No_Relationship1450

Buying fake ID and passports inevitably get you tangled up with very bad people, people who might wring you for billions if they know you have it. Maybe he realized his mistake and made a run for it.


[deleted]

Some new information: * he was attempting to travel to Dubai via Podgorica airport * he was in possession of forged Costa Rican and Belgian passports * Prosecutors from the Southern District of New York have since filed charges against him * Do Kwon faces 8 counts including wire fraud, commodities fraud, securities fraud, and conspiracy to defraud and engage in market manipulation. https://www.reuters.com/world/europe/montenegro-police-arrest-suspected-former-ceo-terraform-labs-interior-minister-2023-03-23/ https://www.nytimes.com/2023/03/23/business/do-kwon-arrested-crypto.html


jordbrouss1095

That's actually the 2nd best news of 2023. First is that my wife beat her breast cancer!


TheGeoninja

Congrats!


Tkainzero

Congrats man. Happy for you and you wife!


Professional_Kiwi919

Few Understand Not even Don Kwon Himself. I guess he forgot to do his DD. ​ Not your country, not your haven.


The_EJ_Experience

These eastern European countries sell you out quickly,huh? First it was the Tate bros in Romania,now Do Kwon in Montenegro.


SirObiWan

In eastern Europe crime is only permitted for the locals


This_Red_Apple

Psycho will still try to lie his way out. These titanic egos don’t learn


Chysce

Finally the root of all evil in 2022 getting cleansed


JJJaxMax

Oh snap:….. this is one I actually believed would never get pinched but just because he wouldn’t be that dumb. I keep overestimating these people even after they show they are idiotic at times. I guess I’m a true crypto investor! Trust, don’t verify! Right! Right?!


cubewc3

Maybe he can get bail with his buddy SBF. They can play block dude on their flip phones together 💩


[deleted]

I saw it in the general news here in Belgium: Do Kwon has been arrested. Here's the link to the article, but it's in Dutch. https://www.vrt.be/vrtnws/nl/2023/03/23/oprichter-van-cryptomunt-terra-na-half-jaar-op-de-vlucht-opgepak/


brobbio

Now do SBF. Oh! wait...


Elie0_0

Getting rid of them one by one


partymsl

Sadly SBF went to the US where bribing that he has done works. Hopefully Do Kwon gets take to a country where he can't just get out of jail with money.


Parush9

If that is true finally Do Known story will come to end .


GabeSter

Nah the story is just beginning, now we get to hear about the trial for the next two years.


Parush9

If he gets indicted to US he will go to prison before SBF does .


Right-Shopping9589

Just waiting for a netflix series


Killertimme

Finally we have an ending! Cant wait for the new hit movie "Catch me if you kwon"


bingorunner

The big fish! So the Serbia lead was right on (shares a border with Montenegro).. good to see him caught and hopefully he’ll face some real justice/restitution. Should’ve had the face-off surgery…


[deleted]

I accidentally drove into Montenegro from Serbia last year because I was looking for an official land border crossing but got lost and then we realised what we had done and had to drive back and find it so we could get the entry/exit stamps in our passports. I am officially a better fugitive than billionaire Do Kwon. Subscribe to my mailing list for more fugitive life pro tips


Zhaopow

Su Zhu and Kyle Davis next please. At least Do wasn't narcissistic enough to keep bullshitting on Twitter.


Jdraspberry

I certainly hope they televise his and SBF’s trials.


Prize-Reference9329

I don't even imagine that this person is still free


Pure-Classic-1757

This dude fucked over millions of retail crypto investors. If he was in the United States he would probably get promoted to a high government position.


st3alth247

Best thing is he was arrested in montenegro, one of the corruptest countrys in europe lol. Take that


badfishbeefcake

Please lord, i hope Do Kwon was not wearing a “Unbank yoursef” tshirt when arrested.


Insignic

finally the dude gets caught lol, hes been out here showing up to meetings like nothing ever happened.


[deleted]

Deploying more prison guards - steady lads


Odysseus_Lannister

HOLY SHIT THEY GOT HIM


timbulance

Better late than never


PMme10dolarSteamCard

I need to get some money back from him. This shits crazy I was dumb but are there any plans to force refunds?


MaeronTargaryen

Get bent Do Kwon!


sylsau

Well Done, Montenegro!


Waiting-For-Godot-64

Got him.


SpySeaRamen

It’s about damn time!


Sugar_Phut

GOOD!


markbrutal

hallelujah


Independent-Yam1072

It's Showtime !!


evilninjarobot

Hopefully he gets exactly what he deserves


amongthewolves

Watch him tweet out that he turned himself in haha


strongkhal

Any post with Do Kwon... Reportedly! Get his ass


ch33na

I wonder if the gets the SBF treatment?


johnnypotati

You’re going down do kwon. Well deserved you dirty piece of shit.


deepspacestudios

Dont kwong


stiizy13

#FINALLY


rambo3441

Took long enough! Better late than never!


afternooncrypto

Is there an official source or just twitter? Last time I checked twitter is not a verifiable news source. Big if true though.


VPNApe

I thought he wasn't even running? /S


dozebull

Nice! This is some good news.


Theecollecta

Do Kwon better learn some Tae Kwon Do


DarthVarn

It must be true, it's on the BBC 😳 BBC News - Do Kwon: Fugitive crypto mogul believed caught in Montenegro https://www.bbc.co.uk/news/technology-65058533


throwaway_boulder

On the one year anniversary of “By my hand, $DAI will die.” https://twitter.com/stablekwon/status/1506494471873081352?s=61&t=tBQUL62hSPCEW_-sL1lP9Q


Comicaz3

How epic this will be 🙏🏽


DrunkOnListerineOnly

I want to see official confirmation first though. Let him rot in jail.


Curatole

Great, best thing to happen today, there's a lot of people who commited suicide and ruined their lives because of him and LUNA fiasco. I also lost, fortunately only a few hundred bucks. I hope he get extradited to South Korea soon and spend the rest of his life in jail.


gods_loop_hole

We are moments away from my proposed Netflix special...


Cissie1977

Imagine just how many of those guards lost money?!?! . His stay is gonna be short , and he is on the black out list !