Do Kwon Defies the Odds and Registers Company in Serbia for Mere $1 Despite Interpol Warnings

The arrest of Terra founder Do Kwon and Han Chang-Joon from Chai Corporation has revealed hidden activities in the past year intended to lure more investors. Notably, a Montenegrin judge ruled on Friday that Kwon and Han be detained for 30 days as investigations take effect. The duo was arrested at Podgorica Airport in Montenegro on a private jet bound for Dubai.

Several jurisdictions, including South Korea, the United States, and Singapore, for financial fraud crimes, want the Terra founder.

Moreover, Kwon is believed to have made away with millions worth of Bitcoins after the collapse of Terra Luna UST early last year. As a result, the entire cryptocurrency market plunged to last year’s bottom in June following the forced liquidation of over $40 billion.

Do Kwon’s Company in Serbia 

In a stunning turn of events, Do Kwon and Han registered a company in Serbia three weeks after Interpol issued a Red Notice in September last year? According to official records obtained from the Serbian Business Registry, Kwon and Han opened a company called Codokoj22 d.o.o. Beograd on October 12, 2023. 

Reportedly, Serbian lawyer Ognjen Colic, a partner at Gecic Law Firm based in Belgrade, submitted the company registration for the two suspects. However, Colic has indicated the law firm did a thorough inspection of the client in accordance with the Serbian regulations and the Interpol checklist.

“I cannot comment on my client due to confidentiality agreements, but I can say that this client went through all our regular security checks that our conducts for every client, including the Interpol website and he is not on there – you can check it yourself now,” Colic said.

Notably, Kwon is registered as the sole owner of the company while Han acts as a director.

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