Montenegrin authorities said they have arrested Roman Ziemian, the co-founder of FutureNet, an alleged crypto fraud scheme that allegedly stole approximately $21 million from investors.
Montenegro's police chief said in a statement on August 19 that a specialized police unit discovered that Ziemian was using a false identity and living in the country's capital, Podgorica.
Arrest warrants were issued in South Korea and Ziemian's native Poland, charging him with fraud, money laundering and theft. Police said he could face life in prison in South Korea.
Police said they seized equipment and items used in Ziemian's alleged crimes. He will appear before the Podgorica High Court to decide the place of his extradition.