The arrest of Terra founder Do Kwon and Han Chang-Joon from Chai Company has revealed hidden actions prior to now yr supposed to lure extra traders. Notably, a Montenegrin choose dominated on Friday that Kwon and Han be detained for 30 days as investigations take impact. The duo was arrested at Podgorica Airport in Montenegro on a non-public jet certain for Dubai.
A number of jurisdictions, together with South Korea, the US, and Singapore, for monetary fraud crimes, need the Terra founder.
Furthermore, Kwon is believed to have made away with hundreds of thousands value of Bitcoins after the collapse of Terra Luna UST early final yr. Consequently, the complete cryptocurrency market plunged to final yr’s backside in June following the pressured liquidation of over $40 billion.
Do Kwon’s Firm in Serbia
In a shocking flip of occasions, Do Kwon and Han registered an organization in Serbia three weeks after Interpol issued a Crimson Discover in September final yr? In accordance with official information obtained from the Serbian Enterprise Registry, Kwon and Han opened an organization referred to as Codokoj22 d.o.o. Beograd on October 12, 2023.
Reportedly, Serbian lawyer Ognjen Colic, a accomplice at Gecic Regulation Agency based mostly in Belgrade, submitted the corporate registration for the 2 suspects. Nonetheless, Colic has indicated the regulation agency did a radical inspection of the shopper in accordance with the Serbian laws and the Interpol guidelines.
“I can’t touch upon my shopper as a consequence of confidentiality agreements, however I can say that this shopper went via all our common safety checks that our conducts for each shopper, together with the Interpol web site and he’s not on there – you possibly can verify it your self now,” Colic stated.
Notably, Kwon is registered as the only real proprietor of the corporate whereas Han acts as a director.
