Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.

The 31-year-old entrepreneur was charged with eight separate counts, including securities fraud, commodities fraud and wire fraud, according to a March 24 report from Bloomberg.

What appears to be the official indictment against Kwon states that he was also charged with conspiracy to defraud and engage in market manipulation. While it was signed by United States Attorney Damian Williams, no date is mentioned. 

Under the first charge, conspiracy to defraud, the Southern District of New York claim that they have jurisdiction over Kwon because he made a series of false and misleading statements during a TV interview that was transmitted to, among other places, the Southern District of New York, about the extent to which the Terra blockchain had been adopted by users.

Filip Adzic, the minister of interior of Montenegro, reported on March 23 that an individual suspected of being the former “cryptocurrency king” was detained at the Podgorica airport with “falsified documents,” and authorities are awaiting official confirmation of identity.

Kwon was detained in Podgorica Airport with Hon Chang Joon while trying to fly to Dubai, Adzic stated.

In a follow-up tweet, the Montenegro Interior Ministry reported that Kwon used forged travel documents from Costa Rica.

South Korean prosecutors have issued an arrest warrant against Kwon, who faces a series of fraud charges and breaches of capital markets law in his home state. Interpol has also issued a red notice listing for his arrest and the United States Securities Exchange Commission (SEC) has also filed fraud charges of their own.

The charges laid against him are in relation to his alleged role in the collapse of the $40 billion Terra Luna Classic (LUNC) token and TerraClassicUSD stablecoin (USTC) last May.

Related: Terra co-founder Do Kwon says he’s not ‘on the run’

Since the collapse, Kwon has reportedly moved between Singapore, Dubai and Serbia.

The South Korean foreign ministry offically cancelled Kwon’s passport on October 20, after he failed to surrender his passport following an October 6 order.

This is a developing story, and further information will be added as it becomes available.

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