Authorities in Montenegro – a Balkan country – have arrested a man who could potentially be Terra’s founder – Do Kwon. The news was announced by the interior minister of Montenegro – Filip Adzic – on his social media channel. In a translated Tweet, the minister stated that one of the world’s most wanted fugitives was arrested in Podgorica.

The Tweet further stated that the police has detained a man suspected to be the head of Terraform Labs. Additionally, the minister stated that Do Kwon was captured at the Podgorica airport with fake documents. The authorities are currently verifying the identity of the detained man.

Do Kwon is wanted by authorities in South Korea, Singapore, and the USA. Recently, the US Securities and Exchanges Commission (SEC) filed a fraud case against the Terra creator. The commission also alleged that LUNA and UST were securities, which meant that Do Kwon committed securities law violations by offering them for sale without registration.

The story is still developing.