Terra LUNA Founder Do Kwon Was Indicted in Montenegro

Montenegro authorities have charged former Terraform Labs representatives Do Kwon and Hong Chang-jun, according to a local news report from Pobjeda on April 20.

Terra LUNA founder Kwon and Chang-jun were arrested on March 23 at Montenegro’s capital Podgorica Airport. They were attempting to board a private flight to Dubai.

According to the news report, the Podgorica District Prosecutor’s Office has submitted documents to the Podgorica Court. These are with the purpose of charging the South Korean defendants Do Kwon and Chang-jun with the forgery of official documents.

The prosecutor’s office has also requested an extension of the defendants’ detention period.

Terraform Labs Former CEO Do Kwon
Terraform Labs Former CEO Do Kwon. Source: Reuters/Stevo Vasiljevic

This is a developing story…

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Source: https://beincrypto.com/terraform-labs-do-kwon-charged-in-montenegro/