<\/p>\n
Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court\u2019s decision to extend detention time for up to 30 days.<\/p>\n
A legal representative of Kwon confirmed the appeal against the Montenegrin court\u2019s decision to detain the entrepreneur for longer than usual, according to local media Vijesti. The decision was made after Kwon was caught using fake documents at Podgorica airport while trying to fly to Dubai. <\/p>\n
\nTranslation from Montenegro Minister of Interior Filip Adzic – \u201cONE OF THE WORLD’S MOST WANTED FUGITIVES WAS ARRESTED IN PODGORICA<\/p>\n
Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon\u2026\u201d https:\/\/t.co\/sCJ0FFrlEk<\/p>\n
\u2014 Simon Dixon (@SimonDixonTwitt) March 23, 2023<\/a><\/p><\/blockquote>\n
While Montenegro authorities typically allot detention for up to 72 hours, Kwon\u2019s 30-day extension was approved after prosecutors highlighted the high possibility of an escape. The court considered that Kwon was a foreign national whose identity was not clearly identified.<\/p>\n
Since the collapse of the Terra ecosystem, Kwon has been suspected of moving between Singapore, Dubai and Serbia by South Korean authorities.<\/p>\n
Related: <\/em><\/strong>South Korea seizes $104M from Terra co-founder suspecting unfair profits<\/em><\/strong><\/p>\n
On March 23, a few hours after Kwon\u2019s arrest in Montenegro, United States prosecutors in New York charged the entrepreneur with fraud. <\/p>\n
\nJUST IN: $LUNA<\/a> falls 8.2% to $1.31 following reports of Do Kwon\u2019s alleged arrest in Montenegro.<\/p>\n
: https:\/\/t.co\/1bQ48EyLco pic.twitter.com\/nXSGI2WSNw<\/a><\/p>\n