The arrest of Do Kwon is a piece of good news in the cryptocurrency industry. This together with SBF's case will give a warning to people that wanted to create a company in the cryptocurrency industry that cryptocurrency is not a playground for scammers, ill-intent and incompetent people anymore.
He obviously had badly forged documents and thought he would pass under the radar - and if he had been at all smart, he could have flown from Serbia to Russia without any problems and been out of reach of anyone.
Well, who is to say that Serbs woulnd't arrest him with fake documents if he tried fly to Russia? But even if he managed to reach Russia, I am not so sure that he would find any protection in Russia as he is not Snowden or someone of that caliber so Ruissia has some actual interest to protect him.
If the assumption of many that he has the funds, then anyone that is interested in money will protect him. Aside from that, I believe that he goes in and out of a country throuh backdoor method since he has the money to pay for these illegal services.
Is this means that refund might be possible for all the victim of Luna/Ust scam? He obviously took away the company reserve funds that supposed to be supporting the token price stability.
I woulnd't get my hopes up just because he got arrested. Sure, they may force him to give the rest of the money that he still has, but that would be nowhere near to make everyone whole.
More or less the majority of the fund is probably safely hidden somewhere. Do Kwon can just give part of it and deny the rest. After all he is the one that has access to the funds.