Disgraced crypto entrepreneur Do Kwon is embroiled in new legal trouble as authorities in Montenegro formally charged him with a case of forgery.
According to a new report from Bloomberg, Montenegrin prosecutors filed an indictment for the Terraform Labs co-founder and his chief financial officer Han Chang-Joon for allegedly forging personal documents.
Kwon is currently detained in Montenegro after he was apprehended at the Podgorica Airport last month. He was caught using a forged Costa Rican passport while trying to board a flight to Dubai.
Following the arrest, authorities said that Kwon will be held in the southeastern European country for 30 days while awaiting the result of the investigation.
The report says that prosecutors now seek to extend the period of detention based on a statement from Dusko Milanovic, an official at the prosecutor’s office in Podgorica.
Kwon already faces multiple charges arising from the $40 billion crash of the Terra ecosystem stablecoin TerraUSD (UST) and the crypto asset Terra (LUNA).
In the US, federal prosecutors charged Kwon with eight counts, which include securities fraud, commodities fraud and conspiracy. He also faces similar charges in his native country South Korea.
Both the US and South Korea seek Kwon’s extradition from Montenegro.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Montenegro Prosecutors Slap Disgraced Terra (LUNA) Founder Do Kwon With Forgery Charges: Report appeared first on The Daily Hodl.
