{"id":2527013,"date":"2023-03-23T09:40:59","date_gmt":"2023-03-23T13:40:59","guid":{"rendered":"https:\/\/platoai.gbaglobal.org\/platowire\/individual-suspected-to-be-do-kwon-arrested-announced-by-montenegro-vice-president\/"},"modified":"2023-03-23T09:40:59","modified_gmt":"2023-03-23T13:40:59","slug":"individual-suspected-to-be-do-kwon-arrested-announced-by-montenegro-vice-president","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/individual-suspected-to-be-do-kwon-arrested-announced-by-montenegro-vice-president\/","title":{"rendered":"Individual Suspected to be Do Kwon Arrested, Announced by Montenegro Vice President"},"content":{"rendered":"

On Monday, Montenegro’s Vice President, Dritan Abazovic, announced that an individual suspected to be Do Kwon had been arrested. Do Kwon is a South Korean businessman who is wanted by the authorities in his home country for alleged fraud and embezzlement. The arrest was made in Montenegro’s capital, Podgorica, on Sunday.<\/p>\n

Do Kwon is the founder of the Coinup cryptocurrency exchange, which was shut down in 2018 after allegations of fraud and embezzlement surfaced. The South Korean authorities have been seeking his extradition since then, but Do Kwon has been on the run and has reportedly been hiding in various countries.<\/p>\n

The arrest of the individual suspected to be Do Kwon is a significant development in the case. The Montenegrin authorities have not yet confirmed the identity of the arrested person, but Vice President Abazovic stated that he was confident that it was Do Kwon.<\/p>\n

The South Korean authorities have welcomed the news of the arrest and have expressed their gratitude to the Montenegrin authorities for their cooperation. They have stated that they will work with Montenegro to ensure that Do Kwon is extradited to South Korea to face trial.<\/p>\n

The case of Do Kwon highlights the risks associated with cryptocurrency exchanges. These exchanges are often unregulated, making them vulnerable to fraud and other criminal activities. Investors should be cautious when dealing with cryptocurrency exchanges and should only use reputable and regulated exchanges.<\/p>\n

The arrest of Do Kwon also highlights the importance of international cooperation in fighting financial crimes. Criminals can easily move across borders, making it difficult for law enforcement agencies to track them down. However, when countries work together, they can share information and resources to apprehend criminals and bring them to justice.<\/p>\n

In conclusion, the arrest of an individual suspected to be Do Kwon is a significant development in the case. The South Korean authorities have been seeking his extradition for several years, and his arrest in Montenegro is a step towards bringing him to justice. The case also highlights the risks associated with cryptocurrency exchanges and the importance of international cooperation in fighting financial crimes.<\/p>\n