Terra Co-Founder Do Kwon Fights Detention Extension: The Battle for Release in Montenegro
Do Kwon, CEO of Terraform Labs, has been arrested in Montenegro for presenting forged identity documents. Facing a 30-day detention extension and possible extradition to South Korea, Kwon's legal challenges continue to mount.
(The Herald Post) – On Thursday, Montenegro’s Interior Minister Filip Adzic announced the arrest of Do Kwon, co-founder and CEO of Terraform Labs, for presenting forged identity documents. The news broke on Twitter after Kwon’s location had been a subject of speculation for some time, with reports suggesting he might be hiding in Singapore or Dubai.
Montenegrin police discovered that Kwon’s fraudulent documents originated from Costa Rica and Belgium. Kwon now faces a 30-day detention extension as his legal team seeks to appeal the decision, according to Montenegrin newspaper Vijesti and local media sources.
Kwon is already facing several legal challenges abroad, including an ongoing 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, leading to the involvement of foreign prosecutors, such as those from South Korea. Two days ago, a South Korean spokesperson announced that their prosecutors are taking measures to “repatriate Kwon Do-hyung,” signaling potential extradition proceedings.