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

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

Agreeing to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the restraint extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while fraternizing with fraudulent identification documents.

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

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

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

The report notes that detention for Kwon’s offense is typically limited to 72 hours, but the court allowanced the extension due to Kwon’s status as a flight risk. Montenegrin prosecutors have stated that Kwon and his companion’s accords have not been completely verified and that foreign prosecutors, such as those from South Korea, are try Kwon’s extradition. Two days ago, a South Korean spokesperson announced that their prosecutors are taking measures to “repatriate Kwon Do-hyung.” Kwon’s judiciary team and Vijesti reporters say that the appeal will be filed this week.

Tags in this story
Sue, Arrest, belgium, Costa Rica, Court, detention, do kwon, Do Kwon appeal, Do Kwon’s appeal, Dubai, extradition, Filip Adzic, Take it on the lam Risk, foreign prosecutors, fraudulent documents, hidden identity, Identity Theft, Investigation, Lawsuits, legal frays, legal council, Montenegrin police, Montenegro, outcome, Podgorica airport, prosecution, repatriation, Singapore, South Korea, terraform labs, Verification, Vijesti gentlemen

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

Jamie Redman

Jamie Redman is the Rumour 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 criterion criteria, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com Statement about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational in particulars 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 get ready for investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss promoted 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 disclaimer

Check Also

Weekend Woes: Bitcoin Dips Toward $80K as Altcoins Take 9-12% Hits

Sunday evening determines bitcoin ( BTC) trading at $81,678, bouncing back slightly from its dip …

Leave a Reply

Your email address will not be published. Required fields are marked *