The disgraced founder of Terra, Do Kwon, has reportedly been able to make several crypto payments from a Montenegro prison despite authorities taking months to seize his crypto wallet login details and various electronic devices.
Do Kwon Allegedly Made At Least Two Cryptocurrency Transactions in Prison
According to a report by Portal ETV, Do Kwon was arrested in Montenegro on March 23, 2023, but his electronic devices weren’t handed over to the investigating judge until June of that year. This delay, combined with alleged failures in security protocols, may have allowed Kwon to maintain control of his crypto assets.
Two sources claim that at least three crypto transactions were made using Kwon’s crypto wallet during his time in custody. These transactions were allegedly made through an account tied to a Podgorica mobile telephony firm. While Portal ETV could not confirm these alleged transactions, they raise serious questions about the security measures in place at the Montenegro prison.
The report also highlights concerns about the handling of Kwon’s case by Montenegrin authorities. Sources from the National Security Agency (ANB) claim that the devices were only confiscated from Do Kwon after the Minister of Police and Police Directorate requested their removal. This delay, coupled with the alleged discovery of a secret tunnel leading to the High Court evidence room, suggests potential lapses in security and oversight.
