Montenegro says Terra's co-founder is facing criminal proceedings for using falsified travel documents — and if convicted, he would have to serve a sentence for that first.
The Terraform Labs founder was arrested at an airport after trying to travel to Dubai using falsified travel documents.
South Korea's Justice Ministry had intelligence that Kwon and Terra's chief financial officer, Hon Chang Joon, were hiding in neighboring Serbia. And there's another complicating factor, too. Kwon and Joon are under investigation for using the falsified travel documents — and could face criminal proceedings. The offense can carry up to five years in prison — and any extradition would only take place after they faced a trial in Montenegro and served a sentence there.
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