The Montenegrin prosecutor’s office charged Do Kwon, the head of Terraform Labs (TFL), with using a forged passport and other identity documents, DL News reports citing the filing.
If the creator of the ‘Ethereum killer’ is found guilty, he faces three months to five years in prison.
“This could hinder the efforts by the United States and South Korea to extradite Kwon, who faces numerous fraud charges in each country over his alleged role in the $60 billion Terra collapse,” the publication writes.
On 23 March 2023, Montenegrin police arrested Do Kwon, who was attempting to fly out of Podgorica airport to Dubai using forged documents.
The arrest followed requests from U.S. law enforcement, Singapore and South Korea. Earlier media citing Seoul prosecutors reported that he is hiding in Serbia.
On 29 March, it became known that Kwon will stand trial in Montenegro ahead of extradition. The U.S. Attorney’s Office in New York also charged the co-founder of TFL with eight counts.
In April, investigators discovered illicit assets tied to TFL worth $314 million.
As reported, Do Kwon sent 9 billion won ($7 million) to the law firm Kim & Chang several months before the Terra ecosystem collapse.