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The legal representative of Do Kwon in Montenegro, said in an interview that he had appealed the first instance judgment against Do Kwon's passport to the Supreme Court.
Do Kwon, the co-founder of Terraform Labs, reportedly informed officials in Montenegro that he had received opulent treatment during the months that he was on the run for committing an alleged crypto fraud — that literally shook the entire crypto market and resulted in the loss of at least $40 billion. Do Kwon Received VIP
A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon.
The Terra co-founder will remain there until April 3 — and until that time, only his lawyer or a doctor will be able to pay him a visit.
Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Lisa Bragança, former SEC Enforcement Branch Chief and current Bragança Law Attorney, reacts to U.S. federal prosecutors charging Terraform Labs founder Do Kwon with fraud hours after police arrested him in Montenegro.
Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 The co-founder of Terraform Labs, Do Kwon, appears to have been arrested in Montenegro, according to a tweet by the country's minister of interior, Filip Adzic.
Official records gathered from the outlet describe a company called Codokoj22, which was registered in Belgrade by Kwon and his business partner Han Chang-joon who is named as a co-director.
The arrest of Terra founder Do Kwon and Han Chang-Joon from Chai Corporation has revealed hidden activities in the past year intended to lure more investors. Notably, a Montenegrin judge ruled on Friday that Kwon and Han be detained for 30 days as investigations take effect.
The Terraform Labs executive reportedly established a company called “Codokoj22 d.o.o. Beograd” in Serbia, with its main business activity listed as consultancy services.
Do Kwon, the co-founder of Terraform Labs, has been detained in Montenegro while attempting to fly to Dubai allegedly using fake documents.
Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro.
South Korean authorities have been investigating Terraform Labs' co-founder, Daniel Shin, following suspicions of involvement in promoting unstable and uncertain investment opportunities with Terra (LUNA) and TerraUSD (UST) tokens.
Serbian lawyers helped Terra fugitive Do Kwon set up a shell company after global authorities issued notices for his capture.
According to reports, the co-founder of TerraForm Labs, Do Kwon, was detained by the police in Montenegro last week at the airport in the capital city of Podgorica. Kwon, who has been on the run from the authorities in South Korea, is now planning to file an appeal against his incarceration as a result of
South Korean authorities are making a renewed push to detain Terra co-founder Shin Hyun-Seong, also known as Daniel Shin, after the arrest of co-founder Do Kwon. Shin is suspected of involvement in promoting unstable investment opportunities with Terra tokens, with allegations of fraud and illegal fundraising.
Interpol issued a Red Notice for Do Kwon in September, and three weeks later he registered a company in Serbia. According to official records obtained from the Serbian Business Registry, Kwon opened a company called “Codokoj22 d.o.o.
Do Kwon, co-founder of TerraForm Labs, was reportedly arrested by the Montenegro authorities last week at Podgorica's capital airport. Kwon, who has been on the run from South Korean authorities, is now set to appeal his detention after the Montenegrin court ruled to extend it by 30 days.
The judge concluded that there are "concrete circumstances" indicating that Kwon could be a flight risk — especially considering he is a foreign citizen.
South Korean authorities have intensified their attempts to arrest Shin Hyun-Seong (Daniel Shin), Terra's second co-founder, after the alleged “runner,”
South Korean prosecutors are renewing efforts to arrest Terraform Labs (TFL) co-founder Daniel Shin, Bloomberg reported on March 27.
Usually, Montenegro authorities typically allot detention for up to 72 hours. However, Kwon's 30-day extension has been approved after authorities highlighted the greater possibility of an escape.
The Terraform Labs CEO Do Kwon has complained that his “rights” are being “violated.” And legal experts warn that it could be “years” before his case is heard if he is extradited to face charges in his native South Korea.
South Korean prosecutors' office on Monday said they seek an arrest warrant against Terraform Labs' co-founder Daniel Shin after the arrest of Terra co-founder Do Kwon and former Chai Corp CEO Han Chang-joon in Montenegro last week. CoinGape earlier reported that Do Kwon and former Chai Corp CEO Han Chang-joon established a crypto business in
Kwon's attorneys will seek to reduce the 30-day detention extention period ruled by the Montenegrin authorities.
