Live data from Hacker News

Do Kwon arrested in Montenegro: Interior Minister

coindesk.com

71–80 of 296 posts

Re: Do Kwon arrested in Montenegro: Interior Minister

#71
post #41

Between this and the Justin Sun news yesterday is this some kind of crypto crackdown?

Yes. Add to your list the seizure of Signature Bank, and this week’s rumors of Operation Choke Point 2.0 focused on keeping commercial banks out of crypto

Crypto was a drop in the ocean.

It just not that important.

Something like 3% of the holdings of signature.

Re: Do Kwon arrested in Montenegro: Interior Minister

#72

Earlier quoted context omitted.

> "Death Valley can't be a desert because it rained there today" Not arguing for or against Montenegrin corruption. Just saying that this incident doesn't contribute to the corruption theory.

It does, since he managed to “evade” authorities for so long. One could imagine that’s much easier to do when corruption is abound.

Do we know that he was in Montenegro the entire time?

Re: Do Kwon arrested in Montenegro: Interior Minister

#73
post #14

Earlier quoted context omitted.

I will remember the "I am not on the run" -> Shows up at the airport with a fake passport

My "not on the run" t-shirt has a lot of people asked questions already answered by my shirt.

Context for those who might have missed out on a golden era of Twitter: https://twitter.com/shutupmikeginn/status/403359911481839617

Re: Do Kwon arrested in Montenegro: Interior Minister

#74

Earlier quoted context omitted.

> Justin Sun and Do Kwon are the worst of the space... Among the worst, I would say; the other three top spots go to Sam Bankman Fried of FTX, Changpeng Zhao of Binance, and whatever specter is running Tether.

e: misremembered details

I thought Tether was associated with Bitfinex, not Binance.

Re: Do Kwon arrested in Montenegro: Interior Minister

#77
post #62

Earlier quoted context omitted.

google 'felon warrant fires police' I'm honestly shocked I'm forced to even cite that this happens. Although I suppose if someone has lived in America and made it to adulthood without acknowledging the stories they aren't going to be convinced.

I don’t think that search result would support your statement.

Yeah, they don't.

Re: Do Kwon arrested in Montenegro: Interior Minister

#78

Earlier quoted context omitted.

The general rule of thumb, is that, if it's nonviolent, and less than ten years, it's Camp Cupcake (minimum security -no walls). If it's over a decade, or violent/escape risk, then it's Leavenworth. I've known folks that have done both.

The lesson learned from Ross Ulbricht is that there's a good chance it's Leavenworth for non-violent internet crime. Edit: per usual folks come out of the woodwork to accuse Ross of murder-for-hire despite the fact he was not convicted of any murder related charge, only generic conspiracies for which the overt act could have been a number of options (such as drug distribution). The jury never specifically said the ov…

I believe that ol’ Dreaddie got just a wee bit more than ten years.

Re: Do Kwon arrested in Montenegro: Interior Minister

#79

Earlier quoted context omitted.

The lesson learned from Ross Ulbricht is that there's a good chance it's Leavenworth for non-violent internet crime. Edit: per usual folks come out of the woodwork to accuse Ross of murder-for-hire despite the fact he was not convicted of any murder related charge, only generic conspiracies for which the overt act could have been a number of options (such as drug distribution). The jury never specifically said the ov…

Ross literally hired hitmen to kill someone who owed him money. The fact that he didn’t know it was an undercover agent (pro tip if you hire a hit man and you aren’t customarily in ‘that life’ you are always hiring an undercover agent) is irrelevant. He still required and received ‘proof’ of the deed, a photo of the aftermath, staged of course. He was even cold blooded with the ‘collateral damage’ of the intended vic…

If that actually happened, why didn't they prosecute him for it?

Re: Do Kwon arrested in Montenegro: Interior Minister

#80
post #24

He is probably better off getting caught and get his sentence over with than to live watching his back betting a country won’t turn him in for decades

He’ll be watching his back in prison, he’s got access to billions of dollars — or, at least, is perceived to. He has wronged a lot of people, too. Also, prison is a one way street: if he stays on the run, and some day things do get to the point where he would feel safer in prison, he could hand himself in. Once he’s in prison, he has no choice left.

The South Korean justice system is notoriously lenient on white-collar crime, and it's exceedingly rare even for violent criminals to be murdered in a Korean prison. The popular perception is that you can spend a couple of years in prison and enjoy your ill-gotten gains for the rest of your life with no further repercussions, provided you've hidden your money well enough. Guess what, the whole point of crypto is that it's easy to hide.

A few years ago, a man named Son Jung-woo was arrested for running what was the largest child porn site in the world back then. His sentence? 18 months. The U.S. wanted to put him away for life, but the Korean courts would not deport him.

I'm sure Do Kwon would rather hand himself in to the Korean authorities than risk going to prison in any other country.

Post reply on HN