Do Kwon
Montenegro Sentences Crypto Fugitive to Four Months in Jail
Police officers escort South Korean crypto mogul Do Kwon (C) in Podgorica, Montenegro. Photo: EPA-EFE/BORIS PEJOVIC
On March 23, Do Kwon and Han Chang-Joon, a senior executive at Chai, a mobile payment provider, were arrested at Podgorica airport trying to board a private flight to Dubai in the United Arab Emirates with falsified travel documents from Costa Rica.
Montenegro Urged to Probe Crypto Fugitive’s Ties with Party Leader
Montenegrin police escort South Korean cryptocurrency mogul Do Kwon in Podgorica. Photo: EPA-EFE/Boris Pejovic
Media reported on Monday that Do Kwon sent a letter to Abazovic, outgoing Justice Minister Marko Kovac and the Special State Prosecution, claiming that he financed Europe Now.
US, South Korea, Both Seek Crypto Fraudster’s Extradition From Montenegro
Police officers escort South Korean crypto mogul Do Kwon (R) in Podgorica, Montenegro. Photo: EPA-EFE/BORIS PEJOVIC
South Korea Seeks Extradition of Detained Crypto Fraudster From Montenegro
A view of the state prosecutor's offices in Podgorica, Montenegro. Photo: EPA/BORIS PEJOVIC
On Friday, Montenegro's prosecution charged Do Kwon and Han Chang-hoon with falsifying their ID after they were arrested a day before at Podgorica airport.
Montenegro Arrests Fugitive Crypto Fraudster Do Kwon at Airport
Montenegrin police officers in the capital Podgorica. Photo: BIRN/Samir Kajosevic
"The Montenegrin police has apprehended an individual believed to be one of the most-wanted fugitives, the South Korean national Do Kwon, the co-founder and CEO of Terraform Labs based in Singapore," Adzic said on Twitter. "We are awaiting official confirmation of his identity," he added.
South Korea hits dozens with travel bans amid crypto probe
South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company's cryptocurrency that devastated traders around the world.