According to local media reports, the apartment where Kwon is thought to have been holed up for six months was recently seized by local law enforcement. regulation extradition
Kwon’s Hideout Seized by Local Law Enforcementhit Terraform Labs co-founder and CEO Do Kwon with charges of using a fake passport and other identification documents when he attempted to flee the Balkan state on March 23, 2023. According to a DL News report, Kwon’s indictment is likely to complicate efforts to extradite him to the U.S. and South Korea where he faces multiple charges.by Bitcoin.
Before attempting to leave Montenegro, Kwon and Han lived in a Belgrade apartment that was acquired for about $2.2 million by the latter in Sept. 2022. According to local media reports, the apartment where Kwon is thought to have been holed up for six months was recentlyFollowing the two men’s capture by local law enforcement, a Montenegro court initially ruled that the duo should remain behind bars for 30 days.
“After the decision on the extension of detention by the court, the public will be informed about all available information regarding this case,” Maja Kosovic, a spokesperson of the court reportedly said. According to the report, if Kwon and Han are convicted, they are likely to be handed prison terms that range between three months and five years.
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