Do Kwon registered a company in Serbia for $1 amid Interpol red notice: Report

Terraform Labs co-founder Do Kwon established a company in Serbia for less than $1 just weeks after being flagged with an Interpol red notice, according to documents from the Serbian Business Registry.

As per a DLNews

Last week, both Kwon and Han were arrested in Montenegro after allegedly using forged Costa Rican travel documents.

Under the Criminal Code of Montenegro, the offense carries a maximum imprisonment sentence of three years.

A legal representative of Kwon confirmed that he will reportedly appeal the court’s decision to extend detention time for up to 30 days.

Meanwhile, United States prosecutors on March 23 announced that Kwon has been charged with fraud in a New York court.