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

0 5

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

knife

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 Vijesti and 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.

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.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 51,135.70
ethereum
Ethereum (ETH) $ 3,058.29
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 386.86
solana
Solana (SOL) $ 101.89
staked-ether
Lido Staked Ether (STETH) $ 3,048.34
xrp
XRP (XRP) $ 0.53576
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.578063
avalanche-2
Avalanche (AVAX) $ 36.67
tron
TRON (TRX) $ 0.137971
dogecoin
Dogecoin (DOGE) $ 0.084701
chainlink
Chainlink (LINK) $ 18.28
polkadot
Polkadot (DOT) $ 7.67
matic-network
Polygon (MATIC) $ 0.981587
uniswap
Uniswap (UNI) $ 10.68
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 51,197.72
the-open-network
Toncoin (TON) $ 2.12
shiba-inu
Shiba Inu (SHIB) $ 0.00001
internet-computer
Internet Computer (ICP) $ 12.21
bitcoin-cash
Bitcoin Cash (BCH) $ 263.82
litecoin
Litecoin (LTC) $ 69.65
dai
Dai (DAI) $ 1.00
immutable-x
Immutable (IMX) $ 3.20
filecoin
Filecoin (FIL) $ 7.88
cosmos
Cosmos Hub (ATOM) $ 10.36
leo-token
LEO Token (LEO) $ 4.18
near
NEAR Protocol (NEAR) $ 3.74
ethereum-classic
Ethereum Classic (ETC) $ 26.92
kaspa
Kaspa (KAS) $ 0.161679
bittensor
Bittensor (TAO) $ 583.30
optimism
Optimism (OP) $ 3.69
blockstack
Stacks (STX) $ 2.46
hedera-hashgraph
Hedera (HBAR) $ 0.104405
aptos
Aptos (APT) $ 9.44
vechain
VeChain (VET) $ 0.046989
first-digital-usd
First Digital USD (FDUSD) $ 1.00
stellar
Stellar (XLM) $ 0.114743
injective-protocol
Injective (INJ) $ 35.48
okb
OKB (OKB) $ 50.07
lido-dao
Lido DAO (LDO) $ 3.35
mantle
Mantle (MNT) $ 0.892951
celestia
Celestia (TIA) $ 16.37
the-graph
The Graph (GRT) $ 0.293009
render-token
Render (RNDR) $ 7.18
crypto-com-chain
Cronos (CRO) $ 0.092807
monero
Monero (XMR) $ 128.52
arbitrum
Arbitrum (ARB) $ 1.82
sei-network
Sei (SEI) $ 0.799446
maker
Maker (MKR) $ 2,054.71
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,359.22
sui
Sui (SUI) $ 1.59
beam-2
Beam (BEAM) $ 0.03227
thorchain
THORChain (RUNE) $ 5.40
algorand
Algorand (ALGO) $ 0.199102
flare-networks
Flare (FLR) $ 0.045802
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,128.26
elrond-erd-2
MultiversX (EGLD) $ 57.65
quant-network
Quant (QNT) $ 104.55
flow
Flow (FLOW) $ 0.996168
aave
Aave (AAVE) $ 99.29
bitcoin-sv
Bitcoin SV (BSV) $ 73.72
dydx-chain
dYdX (DYDX) $ 3.36
theta-token
Theta Network (THETA) $ 1.38
bitget-token
Bitget Token (BGB) $ 0.985549
starknet
Starknet (STRK) $ 1.89
ordinals
ORDI (ORDI) $ 63.05
mina-protocol
Mina Protocol (MINA) $ 1.25
havven
Synthetix Network (SNX) $ 3.96
true-usd
TrueUSD (TUSD) $ 0.977642
tokenize-xchange
Tokenize Xchange (TKX) $ 15.53
worldcoin-wld
Worldcoin (WLD) $ 8.91
helium
Helium (HNT) $ 8.29
the-sandbox
The Sandbox (SAND) $ 0.523467
chiliz
Chiliz (CHZ) $ 0.131917
fantom
Fantom (FTM) $ 0.414407
apecoin
ApeCoin (APE) $ 1.92
axie-infinity
Axie Infinity (AXS) $ 8.25
gala
GALA (GALA) $ 0.033092
fetch-ai
Fetch.ai (FET) $ 1.07
blur
Blur (BLUR) $ 0.73146
whitebit
WhiteBIT Coin (WBT) $ 7.12
kucoin-shares
KuCoin (KCS) $ 10.55
bittorrent
BitTorrent (BTT) $ 0.000001
dydx
dYdX (ETHDYDX) $ 3.36
cheelee
Cheelee (CHEEL) $ 18.51
arweave
Arweave (AR) $ 15.27
tezos
Tezos (XTZ) $ 1.09
osmosis
Osmosis (OSMO) $ 1.56
sats-ordinals
SATS (Ordinals) (SATS) $ 0.00000045912301
decentraland
Decentraland (MANA) $ 0.521042
frax-ether
Frax Ether (FRXETH) $ 3,047.84
singularitynet
SingularityNET (AGIX) $ 0.733305
woo-network
WOO (WOO) $ 0.500932
akash-network
Akash Network (AKT) $ 3.95
conflux-token
Conflux (CFX) $ 0.241712
dymension
Dymension (DYM) $ 6.14
ronin
Ronin (RON) $ 2.99
eos
EOS (EOS) $ 0.782276
astar
Astar (ASTR) $ 0.159916