Another Crypto 'Fraudster' Arrested in Montenegro, Where Do Kwon Awaits Extradition: Reports

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Another Crypto 'Fraudster' Arrested in Montenegro, Where Do Kwon Awaits Extradition: Reports
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Amitoj Singh is a CoinDesk reporter.

Roman Ziemian was arrested after an international law enforcement operation involving Montenegrin authorities and the Interpol.

Ziemian will be brought before an investigating judge to determine where he would be extradited, the police said. Polish national Roman Ziemian, the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million has been detained in Montenegro, according to multiple reports citing an announcement from the nation's police.An international law enforcement operation involving Montenegrin authorities and the Interpol resulted in Ziemian getting found hiding under a false identity in a newly developed residential area in Podgorica.

After conducting searches, officers of the Sector for Fighting Crime - Group for High-Tech Crime and the Regional Security Center"Centar" confiscated technical devices and items suspected of being the result of a criminal act, according toZiemian will be brought before an investigating judge of the High Court in Podgorica to determine where he would be extradited.. Both South Korea and the U.S. have been battling it out in court to seek Do Kwon's extradition.

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