According to the Montenegrin newspaper Vijesti, Do Kwon, co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the extension of his detention ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at the Podgorica airport in Montenegro while traveling with false identification 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, was arrested on Thursday for presenting false identity documents. Kwon’s location was unknown for some time, with speculation that he was hiding out in Singapore or possibly Dubai.
Montenegrin police stated that Kwon’s fraudulent documents came from Costa Rica and Belgium. According to the Montenegrin daily News and local media, Kwon’s legal team is trying to appeal his 30-day detention extension. Kwon faces several legal challenges abroad, including an investigation in South Korea and multiple lawsuits in the United States.
The report notes that Kwon’s felony detention is generally limited to 72 hours, but the court granted the extension due to Kwon’s flight risk status. Montenegrin prosecutors have stated that the identities of Kwon and his companion have not been fully verified and that foreign prosecutors, such as those in South Korea, are seeking Kwon’s extradition. Two days ago, a South Korean spokesman announced that his prosecutors are taking steps to “repatriate Kwon Do-hyung.” Kwon’s legal team and Vijesti 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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