<span style="font-weight: 400;">Do Kwon, the co-founder of Terraform Labs established “Codokoj22 d.o.o. Beograd” in Serbia with its main business activity listed as consultancy services for less than $1 just weeks after receiving a “red notice” from <a href="https://www.cryptoknowmics.com/news/south-korean-prosecutors-ask-interpol-to-issue-a-red-notice-for-do-kwon/" target="_blank" rel="noopener">Interpol</a>. The former CEO of Chai Corporation was listed as a co-director even though Kwon is the company’s sole owner, Han Chang-Joon.</span>
<h2><b>Korean suspects face charges in Montenegro for using forged Costa Rican passports</b></h2>
<span style="font-weight: 400;">In addition to it, it is also supposed that Kwon and Han had registered the business using their Korean passports with Serbian Business Registry. Kwon and Han were detained in Montenegro for allegedly using forged Costa Rican travel documents. Under the Criminal Code of Montenegro, the offense carries a maximum imprisonment sentence of three years.</span>
<h2><b>Kwon's U.S. arrest to be appealed: legal representative</b></h2>
<span style="font-weight: 400;">Kwon's legal representative confirmed that the court’s decision to extend his detention for up to 30 days would be appealed. In the meantime, prosecutors in the United States announced that a New York court had filed a fraud charge against Kwon. </span>

Despite Interpol's Red Notice, Do Kwon Registered A Company In Serbia For $1

Kwon's legal representative confirmed that the court’s decision to extend his detention for up to 30 days would be appealed.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Despite Interpol's Red Notice, Do Kwon Registered A Company In Serbia For $1

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