Do Kwon has allegedly been able to make crypto payments from prison after authorities took 72 days to seize his crypto wallet login details.

Protos reports that Terraform Labs co‑founder Do Kwon was allegedly able to move crypto funds from prison in Montenegro because local authorities took more than two months to secure his wallet access data, leaving a window in which transactions could still be executed. According to the report, Montenegrin police needed 72 days after his March 2023 arrest to obtain his crypto wallet login details, during which time blockchain activity linked by investigators to Kwon showed outgoing transfers, suggesting that he or associates may have retained control of at least part of his digital assets. The story sits against the backdrop of the collapse of Terraform Labs’ TerraUSD and LUNA ecosystem in May 2022, which erased tens of billions of dollars in value and led to civil and criminal probes in multiple jurisdictions, including charges in the United States that Kwon orchestrated an extensive fraud and laundered proceeds after the crash. The Protos reporting highlights ongoing law‑enforcement challenges in quickly securing and freezing digital assets when high‑profile crypto suspects are detained, especially across borders and with non‑custodial wallets. If accurate, the episode underscores how custody of private keys and delays in digital forensics can allow continued movement of funds even after arrest, which is significant for asset‑recovery efforts on behalf of investors and creditors. "entities":["Do Kwon","Kwon Do‑hyung","Terraform Labs","TerraUSD (UST)","Luna (LUNA)","Protos","Montenegrin authorities"]}`

✨ AI-generated background, compiled from web sources — not editorial content.

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• Do Kwon - Wikipedia (en.wikipedia.org)

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