Do Kwon, co-founder of Terraform Labs, was detained at an airport in Podgorica, Montenegro on Thursday, South Korean prosecutors and Interpol have now confirmed his identity. South Korea, the U.S., and Singapore seek extradition of Do Kwon.

The Serbian High-Tech Criminal Prosecutor’s Office and the U.S. Federal Prosecutor’s Office disclosed that Do Kwon and former Chai Corp CEO Han Chang-joon established a crypto business in Serbia, reported South Korea’s new media Digital Asset on March 24.

According to South Korea’s news agency Yonhap, the Seoul Southern District Prosecutors’ Office started the process of extradition of Do Kwon from Montenegro. Singapore is reportedly seeking the extradition of Do Kwon too as his company TFL was established in Singapore.

Meanwhile, the US Dept. of Justice also seeks Do Kwon’s extradition to the US. In fact, the DOJ’s US Attorney SDNY filed an indictment in the Southern District Court of New York with eight counts of charges. It includes conspiracy to defraud, commodities fraud, securities fraud, wire fraud, and conspiracy to engage in market manipulation.

(By Varinder Singh)