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Terraform Labs CEO Blames “Chinese-Named Agency” for Allegedly Forged Travel Documents

June 19 (Cointime) - Terraform Labs CEO, Do Kwon, has claimed in a Montenegro court that he was unaware the travel documents he was allegedly caught with were fake and blamed a "Chinese-named agency." Kwon stated that he received his reportedly forged travel documents, including a Costa Rica passport, through "agencies" recommended by friends.

Kwon and Terraform's former CFO, Han Chong-joon, were arrested in May for allegedly traveling on forged documents and are both wanted in South Korea on fraud charges. Kwon has applied for bail twice, but extradition may prove difficult as Montenegro and South Korea have no extradition treaty.

CEO Do Kwon
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