Do Kwon, who is being investigated in multiple countries for fraud related to the debacle of the Terraform Labs project, is set to face trial in Montenegro on May 11 for attempting to travel with a false passport. According to information from the court’s website in Podgorica, the capital of the country.
Kwon was detained on March 23 at Podgorica Airport along with Terraform Labs Chief Financial Officer Han Chang-joon, who have since been incarcerated in the country. They are trying to go to Dubai.
Kwon has received extradition requests from both the United States and South Korea. Prosecutors accused him of fraud and other offenses related to the collapse of the Terra-Luna Stablecoin project.
Do Kwon has disputed all allegations against him. and believes that the trial of Terra-Luna in South Korea has become too political. And the allegations are unfounded. In addition, Do Kwon received a red notice from Interpol for his arrest.
Do Kwon’s attorney said the US regulator’s complaint Allegations of fraud are unfounded. This is partly because stablecoins are more currencies than securities.
The post Do Kwon to appear in court on May 11th for using a fake passport appeared first on Bitcoin Addict.