Between this and the Justin Sun news yesterday is this some kind of crypto crackdown?
There is a crackdown on Coinbase today too: https://news.ycombinator.com/item?id=35267692
Do Kwon arrested in Montenegro: Interior Minister
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Re: Do Kwon arrested in Montenegro: Interior Minister
#132Earlier quoted context omitted.
Was parent comment really suggesting that this incident (Do Kwon’s arrest) contributes to the corruption theory? I read it as suggesting that Do Kwon’s decision to take up residence there contributed to the corruption theory
> I read it as suggesting that Do Kwon’s decision to take up residence there contributed to the corruption theory "A place with so much corruption" reads to me as a statement of fact, not perception. (Montenegro clocks in between China and Jamaica on the latter [1].) [1] https://en.wikipedia.org/wiki/Corruption_Perceptions_Index
So, very corrupt? Not sure where you’re going with this.
Re: Do Kwon arrested in Montenegro: Interior Minister
#133Earlier quoted context omitted.
Boggles the mind that people are actually taking people like Nic Carter and Barney Frank at face value (that latter one is particularly egregious considering he's literally a former director of the bank) when they say that the FDIC seized a bank with $110 billion in holdings solely to target $4 billion in crypto. Believe it or not, the Fed doesn't care enough about crypto to start a regional banking crisis and blow u…
It was shut down by New York, not the FDIC.
Even better; New York State absolutely has no reason to set off a regional banking crisis and shut down a bank with $110 billion in deposits over $4 billion in crypto.
Re: Do Kwon arrested in Montenegro: Interior Minister
#134Earlier 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.
Michael Saylor , Cathie Wood, Balaji, and Chamath, should also be included. The people with huge platforms who promote crypto are as culpable as the exchanges that sell it.
Also Alex Gladstein, maybe the most hideous of all crypto influencers. The man is promoting this trash under the guise of human rights advocacy.
Re: Do Kwon arrested in Montenegro: Interior Minister
#135Wrong country to hide. Montenegro is a Nato member, and a US ally, and will do whatever the US say. Dritan Abazovic (the prime minister) is himself half Albanian, half Montenegrin, and he is very pro western. You can't hide in pro US countries. He should have maybe taken a train to Serbia (not a US ally), then a plane to Russia and hide there. Ps. For some reason criminals think small countries are safe, but capturin…
So far he isn't wanted in the US, but in South Korea
I would not be surprised to see an indictment being unsealed within the next few days. You can bet most of these crypto criminals are under US indictment if they defrauded Americans. They're just sealed until they are arrested somewhere.
For example, on Jan 7 the operator of "Bitzlato" flew to Miami. He was arrested and DOJ unsealed his indictment the following day.
Re: Do Kwon arrested in Montenegro: Interior Minister
#136Earlier 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…
I believe that ol’ Dreaddie got just a wee bit more than ten years.
and likely so will SBF
white collar sentences are so long these days.
Re: Do Kwon arrested in Montenegro: Interior Minister
#137What is this world coming to when Crypto renegades can no longer flee to Montenegro using falsified documents? This must somehow be seen as yet another nail in the coffin of Big centralized fiat currency. /s
Fun fact: Montenegro has the longest serving head of state in Europe, Mile Djukanovic, probably making even Lukashenko of Belorus jealous. But don't worry, despite widespread accusations and suspicions of corruption, nepotism, and even drug trafficking, he is our ally... and hence not a dictator
Re: Do Kwon arrested in Montenegro: Interior Minister
#138Re: Do Kwon arrested in Montenegro: Interior Minister
#139Do those people think that Montenegro won't give them to US? I've seen a few mentions of Montenegro in some American TV shows and they always say "The X has escaped to Montenegro...", "Montenegro doesn't have extradition treaty with US...". That's not true, and it was never true. Montenegro just can't sue them in Montenegrin court, because of the treaty that Montenegro can sue American citizens in American courts.
Re: Do Kwon arrested in Montenegro: Interior Minister
#140Earlier quoted context omitted.
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…
> The U.S. wanted to put him away for life, but the Korean courts would not deport him.
Wouldn't the right word here be "extradite", or was he a US citizen?