151–160 of 296 posts
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So why didn’t he hand himself in? He’s been on the run since last year, he has had numerous opportunities to hand himself in before being arrested in Montenegro.
He probably believed he could have his cake and eat it too. Turns out he's not as clever as he thought. Now the only thing he has some amount of control over is which jurisdiction he will be handed over to.
Amazing that it took this long to find and arrest him.
Ruja Ignatova is also suspected of hiding in Montenegro, she is behind the OneCoin ponzi scheme and has successfully been on the run for 5 years now. It appears that Do Kwon did a very rookie mistake by believing he could take a plane at the airport like every one else.
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> the whole point of crypto is that it's easy to hide. This couldn't be further from the truth and shows how the majority of people do not understand the benefits that crypto offers.
Other than speculation the main use case of crypto is hiding money. Sure many people do it poorly, but it is possible and in fact the main use case.
Do 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.
was do kwon arrested in montenegro for the interpol/south korean red notice or the united states sec case?
The SEC is a civil agency. It can't arrest people.
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If that actually happened, why didn't they prosecute him for it?
He was indicted in federal court for it but his indictment was dropped after he was sentenced to life imprisonment without the possibility of parole. There does seem to be very little point in winning a conviction on that front.
What 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
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Other than speculation the main use case of crypto is hiding money. Sure many people do it poorly, but it is possible and in fact the main use case.
You could say this exact same thing about cash and be just as correct.
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It's great you've taken an interest, but crypto has been around for much longer than 2017 and the lunacy traces back way further.
Of course, I've dug through the history. There's some really good stuff in the early days, the pirateat40 / Trendon Shavers scam is a classic. I wasn't there for it, of course, before my time. Learning about the history of the space is super fun though, especially when it has the collective memory of a goldfish :)
Any book or podcast recommendations for a long-view historical surmisement?
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Other than speculation the main use case of crypto is hiding money. Sure many people do it poorly, but it is possible and in fact the main use case.
You could say this exact same thing about cash and be just as correct.
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depends if they send him to the US. Then it would be way worse
Korean prisons make US prisons look like the Ritz Carlton. This may have changed since I lived there in the early 2000s, but they shave your head and make you perform hard labor for 12 hours a day, usually farming to raise most of the food that you will eat while incarcerated. In the South Korean Army, seniors beat juniors with impunity and abuse them so brazenly that US soldiers get briefings to "mind your own busin…