• Montenegrin law enforcement has charged Do Kwon with multiple document forgeries.
• The United States and South Korea have requested extradition for Do Kwon.
• TerraForm Labs boss Do Kwon’s lawyer team received $7 million in funding right before Terra collapsed.
Do Kwon Facing Document Forgery Charges
Montenegrin authorities have charged Do Kwon with multiple document forgeries, after the US and South Korea both requested his extradition. It is likely that this will add an extra month of detention in a Podgorica prison chamber that holds up to 10 prisoners – notorious for its poor human rights conditions.
Trezor Hardware Wallet Found in Possession of Do Kwon
Local police discovered a Trezor hardware wallet inside the possession of Do Kwon when they arrested him alongside business partner Hong Chang-jun trying to board a private jet to Dubai from Podgorica Airport. The apartment where he was thought to be holed up for six months has now been seized by local law enforcement.
Terra Luna Classic & Terra Crashing
Do Kwon’s invented Terra (LUNA) blockchain continues to plummet, as both Terra Luna Classic (LUNC) and the relaunched version Terra (LUNA) have dropped by 10% in the last seven days. Meanwhile, his malfunctioned stablecoin UST is trading at just 2 cents on the dollar.
Lawyer Team Received $7 Million Prior To Collapse Of UST
Korean prosecutors uncovered that shortly before the crash of UST, Do Kwon wired $7 million to Kim & Chang – a large criminal defense law firm based in Korea which is well known for representing high-profile defendants and corporations worldwide.
Complications With Extradition Due To Forgery Charges
The new document forgery charges pressed by Montenegrin law enforcement complicate matters surrounding Do Kwon’s extradition requests from both the United States and South Korea, meaning he might spend more time than anticipated detained in one of Podgorica’s worst prisons.