Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

According to the Montenegro-based paper Vijesti, Do Kwon, the co-founder of Terraform Labs, besides known arsenic Kwon Do-hyung, is appealing the detention hold ordered by a Montenegrin court. Kwon was arrested connected March 23, 2023, aft being caught astatine Podgorica Airport successful Montenegro portion traveling with fraudulent recognition documents.

Report Says Kwon’s Legal Representation Aims to Appeal 30-Day Detention Extension

Three days ago, Montenegro’s Interior Minister Filip Adzic announced connected Twitter that Do Kwon, the co-founder and CEO of Terraform Labs, was arrested connected Thursday for presenting forged individuality documents. Kwon’s determination was chartless for immoderate time, with speculation that helium was hiding successful Singapore oregon perchance Dubai.

The Montenegrin constabulary stated that Kwon’s fraudulent documents originated from Costa Rica and Belgium. According to the Montenegrin paper Vijesti and local media, Kwon’s ineligible squad is seeking to entreaty his 30-day detention extension. Kwon is facing respective ineligible challenges abroad, including an probe successful South Korea and aggregate lawsuits successful the United States.

The study notes that detention for Kwon’s discourtesy is typically constricted to 72 hours, but the tribunal granted the hold owed to Kwon’s presumption arsenic a formation risk. Montenegrin prosecutors person stated that Kwon and his companion’s identities person not been wholly verified and that overseas prosecutors, specified arsenic those from South Korea, are seeking Kwon’s extradition. Two days ago, a South Korean spokesperson announced that their prosecutors are taking measures to “repatriate Kwon Do-hyung.” Kwon’s ineligible squad and Vijesti reporters accidental that the entreaty volition beryllium filed this week.

What bash you deliberation volition beryllium the result of Do Kwon’s ineligible battles successful Montenegro, South Korea, and the United States? Share your thoughts astir this taxable successful the comments conception below.

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