important point
- Dokwon faces new indictments in the United States and Montenegro.
- US prosecutors have charged him with eight counts of fraud, and Montenegro police have charged him with document forgery.
- Kwon was arrested yesterday at Podgorica airport in Montenegro.
share this article
Do Kwon has been accused by US prosecutors of being involved in commodity fraud, securities fraud, wire fraud, and market manipulation.
8 counts of fraud
Do-kwon’s legal problems are only getting worse.
Yesterday, the U.S. Department of Justice filed a complaint Terra frontman Do Kwon has been charged with eight different counts of fraud. According to CoinDesk, the Justice Department is seeking Kwon’s extradition to the United States.
kwon is arrested Yesterday at Podgorica airport in Montenegro.local media report The CEO of Terraform Labs has been found using a fake Costa Rican passport to board a flight to Dubai. He also had travel documents for South Korea and Belgium.
Kwon’s arrest was announced by Montenegro’s Interior Minister Filip Azic, who announced on Twitter that Montenegrin police had detained “one of the most wanted fugitives, South Korean citizen Do Kwon.” . South Korean authorities later confirmed Kwon’s identity through photographic data and fingerprint information.
Kwon has been charged with document forgery in Montenegro, in addition to new indictments by US prosecutors. He is scheduled to appear today at the High Court in Podgorica for a hearing on his extradition request. It is unclear whether Kwon will be extradited to South Korea or the United States. However, his arrest was originally based on a South Korean warrant.
Before being arrested, Kwon repeatedly said He said he was “not on the run” despite the International Criminal Police Organization (ICPO) issuing him a red-handed notice in September.
Disclosure: At the time of writing, the author of this work owned BTC, ETH, and several other crypto assets.