According to the Montenegrin-based newspaper Vijesti, Do Kwon, co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the extension of detention ordered by the Montenegrin court. Kwon was arrested on March 23, 2023, after being arrested at Podgorica Airport in Montenegro while traveling with false identity documents.
The report says that Kwon’s legal representation aims to appeal the 30-day detention extension
Three days ago, Montenegro’s Interior Minister Filip Adzic announced on Twitter that Do Kwon, co-founder and CEO of Terraform Labs, had been arrested on Thursday for submitting false 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 fake documents originated from Costa Rica and Belgium. According to the newspaper Montenegro News And local mediaKwon’s legal team is seeking to appeal the 30-day extension of his detention. Kwon faces 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 crime is usually limited to 72 hours, but the court granted the extension due to Kwon’s status as an escape risk. Montenegrin prosecutors have stated that Kwon and his companion have not been fully 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 prosecutors were taking action to “repatriate Kwon Do-hyung.” Kwon’s legal team and Vegesti reporters say 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 on this topic in the comments section below.
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