Terra co-founder Do Kwon reportedly indicted for document forgery

Prosecutors successful Montenegro person reportedly issued the indictments to Terra co-founder Do Kwon aft arresting the enforcement successful precocious March.

The Prosecutor’s Office of the State of Podgorica has indicted erstwhile Terraform Labs co-founder and erstwhile CEO Kwon for forgery of ineligible documents, the Korean industry-focused quality bureau Block Media reported connected April 20.

The charges came a fewer weeks aft Kwon was arrested connected March 23 portion trying to committee a backstage level from Podgorica Airport — the superior of Montenegro — to Dubai. He specifically utilized fake documents to alert abroad.

Terraform Labs co-founder and erstwhile CEO Do Kwon. Source: Block Media

Han Chang-jun, Terraform’s erstwhile main fiscal officer, is facing akin charges arsenic Kwon, the study notes. Han was arrested with Kwon successful Podgorica successful March.

Following the issuance of the indictments, Montenegro prosecutors person reportedly requested an hold of the detention play for the 2 erstwhile Terraform executives.

While Han and Kwon are facing charges successful Montenegro, 1 different Terraform co-founder — Shin Hyun-seung, besides known arsenic Daniel Shin — is inactive walking escaped successful South Korea. Local authorities person attempted to apprehension the exec, but the Seoul Southern District Court denied the request. After questioning Shin, the tribunal said that determination was little likelihood that Shin would flee oregon destruct immoderate grounds related to the autumn of Terra.

Related: Do Kwon converted illicit funds from LUNA to Bitcoin: S.Korean prosecutors

The quality comes amid much planetary prosecutors reaching large milestones successful procedures involving immoderate crypto execs. On Thursday, the Turkish constabulary yet detained Faruk Fatih Ozer, laminitis and erstwhile CEO of Thodex, who fled Turkey with $2 cardinal stolen from the speech successful 2021.

On April 20, Cointelegraph besides confirmed that Tornado Cash developer Alexey Pertsev was acceptable to beryllium released from jailhouse aft the Dutch authorities arrested him successful August 2022. The developer is expected to beryllium backmost location by April 26, which happens to beryllium his birthday.