A legal representative of Kwon acknowledged the appeal against the court’s decision to extend the entrepreneur’s detention by 30 days.
Do Kwon, co-founder of Terraform Labs, will allegedly challenge the court’s decision to prolong his incarceration up to 30 days after his arrest in Montenegro for trying to travel with fake identification.
According to Vijesti, a legal counsel for Kwon has acknowledged the appeal against the Montenegrin court’s decision to hold the businessman for an extended period. The judgment was taken when Kwon was discovered attempting to travel to Dubai using forged papers at the airport in Podgorica.
While authorities in Montenegro generally grant imprisonment for up to 72 hours, Kwon’s 30-day extension was granted because prosecutors emphasized the substantial risk of escape. The court determined that Kwon was a foreign person whose identity could not be firmly established.
Since the collapse of the Terra ecosystem, South Korean officials have accused Kwon of traveling between Singapore, Dubai, and Serbia.
A few hours after Kwon’s arrest in Montenegro on March 23, United States authorities in New York accused the businessman of fraud.
The 31-year-old was charged with eight charges, including commodities fraud, securities fraud, wire fraud, and conspiracy to deceive and engage in market manipulation, as reported by Cointelegraph.
