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

News Feed - 2023-03-27 03:03:55

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


According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents. Report Says Kwon’s Legal Representation Aims to Appeal 30-Day Detention Extension


Three days ago, Montenegro’s Interior Minister Filip Adzic announced on Twitter that Do Kwon, the co-founder and CEO of Terraform Labs, was arrested on Thursday for presenting forged identity documents. Kwon’s location was unknown for some time, with speculation that he was hiding in Singapore or possibly Dubai.


The Montenegrin police stated that Kwon’s fraudulent documents originated from Costa Rica and Belgium. According to the Montenegrin newspaper Vijestiand local media, Kwon’s legal team is seeking to appeal his 30-day detention extension. Kwon is facing several legal challenges abroad, including an investigation in South Korea and multiple lawsuits in the United States.


The report notes that detention for Kwon’s offense is typically limited to 72 hours, but the court granted the extension due to Kwon’s status as a flight risk. Montenegrin prosecutors have stated that Kwon and his companion’s identities have not been completely verified and that foreign prosecutors, such as 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 legal team and Vijesti reporters say that the appeal will be filed this week. Tags in this story Appeal, Arrest, belgium, Costa Rica, Court, detention, do kwon, Do Kwon appeal, Do Kwon"s appeal, Dubai, extradition, Filip Adzic, Flight Risk, foreign prosecutors, fraudulent documents, hidden identity, Identity Theft, Investigation, Lawsuits, legal battles, legal council, Montenegrin police, Montenegro, outcome, Podgorica airport, prosecution, repatriation, Singapore, South Korea, terraform labs, Verification, Vijesti reporters


What do you think will be the outcome of Do Kwon’s legal battles in Montenegro, South Korea, and the United States? Share your thoughts about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Greenpeace Unveils "Skull of Satoshi" to Spark Debate Over Bitcoin"s Environmental Impact; Creator Clarifies It "Wasn"t Meant to Be Anti-Bitcoin" NEWS | 3 hours ago US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion NEWS | 7 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUS Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion Next articleGreenpeace Unveils ‘Skull of Satoshi’ to Spark Debate Over Bitcoin’s Environmental Impact; Creator Clarifies It ‘Wasn’t Meant to Be Anti-Bitcoin’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItGoldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40%


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