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Terraform Labs Co-Founder Do Kwon Arrested In Montenegro, Says Interior Minister

23 Mar 2023

Promin Aerospace is a Ukrainian rocketry startup with backing from Google among others. The company is working with the Meta History Museum to launch into space a collection of artworks about the war with Russia in the form of NFTs (non-fungible tokens). The team recently joined the Bitcoin.com News Podcast to talk about the historical initiative, the ground breaking technology behind it and even what would it take to store the entire bitcoin blockchain in space.

Promin Aerospace is the world’s primary developer and manufacturer of advanced autophagic rocket propulsion. They’re bringing an entirely new type of rocket propulsion system to the market that will make it possible to create rockets that are at least 2 times more efficient than the current state-of-the-art. The company has received $6.5M of pre-orders for future products and services and has a team of 11 continuously working in their R&D facilities in Dnipro, Ukraine to upgrade the core technology.

Misha Rudominski, Co-founder & CEO at Promin Aerospace. Previously he with a team won an all-Canadian team competition by Space & Satellite Professionals International to create a communication system between Mars and Earth.

Lisa Bordun, Head of Legal at Promin. Law geek with specialization in space, MBA with two degrees in law (Ukraine, USA).

The Meta History NFT museum was created to commemorate the history of the current events in Ukraine, preserve the truth, and collect donations for humanitarian aid. Follow the latest developments from the charity NFT platform on Twitter.

The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.

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Promin Aerospace is a Ukrainian rocketry startup with backing from Google among others. The company is working with the Meta History Museum to launch into space a collection of artworks about the war with Russia in the form of NFTs (non-fungible tokens). The team recently joined the Bitcoin.com News Podcast to talk about the historical initiative, the ground breaking technology behind it and even what would it take to store the entire bitcoin blockchain in space.

Promin Aerospace is the world’s primary developer and manufacturer of advanced autophagic rocket propulsion. They’re bringing an entirely new type of rocket propulsion system to the market that will make it possible to create rockets that are at least 2 times more efficient than the current state-of-the-art. The company has received $6.5M of pre-orders for future products and services and has a team of 11 continuously working in their R&D facilities in Dnipro, Ukraine to upgrade the core technology.

Misha Rudominski, Co-founder & CEO at Promin Aerospace. Previously he with a team won an all-Canadian team competition by Space & Satellite Professionals International to create a communication system between Mars and Earth.

Lisa Bordun, Head of Legal at Promin. Law geek with specialization in space, MBA with two degrees in law (Ukraine, USA).

The Meta History NFT museum was created to commemorate the history of the current events in Ukraine, preserve the truth, and collect donations for humanitarian aid. Follow the latest developments from the charity NFT platform on Twitter.

The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.

This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.

 

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect.

Terraform Labs co-founder Do Kwon has reportedly been arrested in Montenegro, according to the country’s interior minister Filip Adzic. The Montenegrin official shared two tweets on Thursday just before 9 a.m. Eastern Time.

“In Podgorica, one of the most wanted world fugitives was arrested,” Adzic stated. “Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Terraform Labs based in Singapore,” the interior minister added.

Do Kwon, who was recently sued by the U.S. Securities and Exchange Commission and his firm Terraform Labs, has reportedly been hiding for some time. Some suspected Kwon was hiding in Singapore, while others thought the Terraform Labs CEO was in Dubai. Some reports suggested Kwon was in Serbia. The SEC accuses Kwon and Terraform Labs of committing a multibillion-dollar fraud operation and selling unregistered securities.

“The former ‘king of cryptocurrencies’, who is behind losses greater than 40 billion dollars, was detained at Podgorica airport with forged documents and is sought by South Korea, the United States, and Singapore,” Adzic further explained on Twitter. “We are waiting for official confirmation of identity,” the Montenegrin politician added.

The Montenegrin government and interior minister Filip Adzic have yet to confirm the true identity of the arrested individual. This story is still developing and will be updated with any official confirmations of the identity of the person detained in Montenegro.

What are your thoughts on the recent arrest of Terraform Labs co-founder Do Kwon in Montenegro? Share your opinions in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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