Terraform Labs founder Do Kwon is likely to appeal his 30-day detention order in Montenegro.
According to a report from Montenegrin newspaper Vijesti, Kwon’s legal representative said he plans to appeal the court’s imposition of an extended detention order after he was arrested on Thursday. Kwon and his accomplice, Terraform Labs CFO Hon Chang Joon were detained after they attempted to board a flight to Dubai using falsified travel documents.
Montenegro permits detention for a 72-hour period, but the local court ordered a month-long extension at the request of prosecutors. The authorities deemed that Kwon and Joon were likely to flee in light of the multiple legal charges against them.
South Korean authorities are also looking to extradite Kwon back to the country. A spokesperson for the Seoul Southern District Prosecutors’ Office told AFP on Friday that prosecutors are working on the process to repatriate Kwon.
Both South Korea and Montenegro are members of the European Convention on Extradition – a multilateral convention that facilitates extradition between member countries.
Authorities believe that Kwon fled from South Korea to Singapore in May, shortly before the implosion of LUNA and UST. Kwon was placed on Interpol’s red notice and had his South Korean passport revoked in October, subsequently making travel more difficult.
Earlier this year, Kwon was believed to be hiding out in Serbia, which does not have any extradition treaties with South Korea. A February report from Bloomberg disclosed that a delegation of South Korean prosecutors traveled to Serbia to seek out Kwon.
He now faces a series of charges from authorities in South Korea as well as the U.S. Hours after his arrest last week, the Southern District of New York filed criminal charges against Kwon for his role in the collapse of LUNA and TerraUSD.
