The Terraform founder Do Kwon, facing eight count charges in the United States for the ecosystem crash, recently denied two allegations against him. <\/p>\n
Do Kwon was accused of traveling with forged documents and sending financial donations to a former Montenegro minister. But according to a South Korean media, Segye\u2019s report<\/a>, Do Kwon told the Montenegrin Basic Court that he received his travel documents from a Chinese agency and wasn\u2019t aware they were forged.<\/p>\n Kwon also denies sending financial donations to the current leader of the Europe Now party Milojko Spajic, during his tenure as the Montenegro finance minister.\u00a0<\/p>\n During his arrest in March 2023, the Montenegro authorities announced that Do Kwon was traveling with fake documents. A Twitter account of the European country\u2019s Interior Minister, Filip Adzic, wrote;\u00a0<\/p>\n The person is suspected of being one of the most wanted fugitives, South Korean national Do Kwon, a co-founder and CEO of the Singapore-based Terraform Labs.<\/p>\n Related Reading: Shiba Inu (SHIB) Burn Rate Suffers 87% Decline In Single Week<\/a><\/p>\n Adzic also added:<\/p>\n The former cryptocurrency king, who is behind losses of over $40 billion, has been apprehended at the Podgorica airport with forged documents.<\/p>\n However, Do Kwon has denied forging his traveling documents and passports, including his Costa Rican passport.\u00a0<\/p>\n Instead, he blamed a Singaporean agency stating:<\/p>\n I received my Costa Rica passport after filling in the documents required by a Singaporean agency that was recommended to me by a friend. I received my Belgian passport through another agency.<\/p>\n Do Kwon also stated that he hadn\u2019t doubted the authenticity of his travel documents since they\u2019d been with him for many years. Regarding the Singaporean agency that supposedly issued the document, the Terraform founder stated he couldn\u2019t remember the exact name but only knew it was written \u201cin Chinese.\u201d\u00a0<\/p>\n The second allegation Do Kwon denied was about sending payments to the former finance minister of Montenegro, Milojko Spajic, the current Europe Now party leader.\u00a0<\/p>\n On June 17, a Radio Free Europe regional arm reported that<\/a> Do Kwon allegedly contacted Spajic through a letter he sent to many officials in Montenegro before the country\u2019s last elections. But during the court hearing, Do Kwon\u2019s lawyers stated this is categorically denied and it is not true.<\/p>\n Apart from Do Kwon\u2019s lawyers, the former finance minister also denied having anything to do with the Terraform founder. However, on June 6, a Montenegro news outlet Balkinsight reported that<\/a> the country\u2019s outgoing prime minister urged the prosecutors to investigate the relationship between Kwon and Spajic.\u00a0<\/p>\n Also, on June 9, a Twitter account FatMan, dedicated to updating the crypto community about Terra issues, shared an update<\/a> about Do Kwon\u2019s financial donations to Spajic. The Terraform founder has, however, denied the ties in the recent hearing. <\/p>\n Following the court session, the presiding judge Ivana Becic announced that June 19 would be the date for a verdict on the forgery charges.\u00a0<\/p>\n Meanwhile, Do Kwon will remain in extradition custody for six months waiting for the court to grant or reject the South Korean extradition request.<\/p>\n Featured image from Pixabay and chart from Tradingview.com<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n The Terraform founder Do Kwon, facing eight count charges in the United States for the ecosystem crash, recently denied two allegations against him. <\/p>\n Do Kwon was accused of traveling with forged documents and sending financial donations to a former Montenegro minister. But according to a South Korean media, Segye\u2019s report<\/a>, Do Kwon told the Montenegrin Basic Court that he received his travel documents from a Chinese agency and wasn\u2019t aware they were forged.<\/p>\n Kwon also denies sending financial donations to the current leader of the Europe Now party Milojko Spajic, during his tenure as the Montenegro finance minister.\u00a0<\/p>\n During his arrest in March 2023, the Montenegro authorities announced that Do Kwon was traveling with fake documents. A Twitter account of the European country\u2019s Interior Minister, Filip Adzic, wrote;\u00a0<\/p>\n The person is suspected of being one of the most wanted fugitives, South Korean national Do Kwon, a co-founder and CEO of the Singapore-based Terraform Labs.<\/p>\n Related Reading: Shiba Inu (SHIB) Burn Rate Suffers 87% Decline In Single Week<\/a><\/p>\n Adzic also added:<\/p>\n The former cryptocurrency king, who is behind losses of over $40 billion, has been apprehended at the Podgorica airport with forged documents.<\/p>\n However, Do Kwon has denied forging his traveling documents and passports, including his Costa Rican passport.\u00a0<\/p>\n Instead, he blamed a Singaporean agency stating:<\/p>\n I received my Costa Rica passport after filling in the documents required by a Singaporean agency that was recommended to me by a friend. I received my Belgian passport through another agency.<\/p>\n Do Kwon also stated that he hadn\u2019t doubted the authenticity of his travel documents since they\u2019d been with him for many years. Regarding the Singaporean agency that supposedly issued the document, the Terraform founder stated he couldn\u2019t remember the exact name but only knew it was written \u201cin Chinese.\u201d\u00a0<\/p>\n The second allegation Do Kwon denied was about sending payments to the former finance minister of Montenegro, Milojko Spajic, the current Europe Now party leader.\u00a0<\/p>\n On June 17, a Radio Free Europe regional arm reported that<\/a> Do Kwon allegedly contacted Spajic through a letter he sent to many officials in Montenegro before the country\u2019s last elections. But during the court hearing, Do Kwon\u2019s lawyers stated this is categorically denied and it is not true.<\/p>\n Apart from Do Kwon\u2019s lawyers, the former finance minister also denied having anything to do with the Terraform founder. However, on June 6, a Montenegro news outlet Balkinsight reported that<\/a> the country\u2019s outgoing prime minister urged the prosecutors to investigate the relationship between Kwon and Spajic.\u00a0<\/p>\nDo Kwon Denies Forging Documents<\/h2>\n
Terraform Founder Denies Sending Funds to Montenegro\u2019s Former Finance Minister<\/h2>\n
Do Kwon Denies Forging Documents<\/h2>\n
Terraform Founder Denies Sending Funds to Montenegro\u2019s Former Finance Minister<\/h2>\n