Terraform Labs co-founder Do Kwon reportedly established a company in Serbia for less than $1, just weeks after being issued a Red notice by Interpol.
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.on March 27 citing the official records, Kwon opened a company called “Codokoj22 d.o.o. Beograd” in October 2022 for $0.92 .Although Kwon is the sole owner of the company, Han Chang-Joon, the former CEO of Chai Corporation, was reportedly listed as a co-director.
It has also been alleged that both Kwon and Han used their Korean passports to register the company — which is still reportedly in operation — with the Serbian Business Registry.The report also noted that Kwon allegedly contracted Serbian law firm, Gecic Law, to represent him. Ognjen Colic, a partner at Gecic Law, reportedly stated that Kwon underwent the standard security checks performed by the firm for every client, including an Interpol website search, which he wasn’t seen on.several times and has been unable to find any information related to Kwon, despite previous reports stating a red notice has been issued for his arrest.
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