The Curious Case of Kwon’s Serbian Adventure

In a bizarre twist of fate, Do Kwon, co-founder of Terraform Labs, decided to debut a venture in Serbia for the whopping sum of less than $1. Yes, you read that right, less than a single dollar! This escapade came just weeks after Kwon had the dubious honor of being flagged with an Interpol “red notice.” According to the Serbian Business Registry, Kwon set up shop with a company named “Codokoj22 d.o.o. Beograd” in October 2022, officially costing him a mere 100 Serbian dinars (which, after all those coin rolls, totals about $0.92).

Business but Not As Usual

The official business category? Consultancy services—who doesn’t love a little consultancy, right? While Kwon is apparently the solo owner of this enterprise, the former CEO of Chai Corporation, Han Chang-Joon, is listed as a co-director. It begs the question: what’s going on behind the scenes at this consultancy? Perhaps drafting blueprints for new ways to navigate legal intricacies in multiple countries?

A Touch of Paranoia

Adding another layer to this intricate saga, Kwon and Han reportedly used their Korean passports to register this business. One can only imagine that as they scribbled down their details, someone whispered, “You know, if anyone asks, just say it’s the next big thing in consultancy!”

Legal Wrangling and Adventures in Montenegro

But wait, there’s more! The plot thickened when last week, both Kwon and Han found themselves on the wrong side of the law in Montenegro. Allegedly, they were caught red-handed with forged Costa Rican travel documents. Talk about taking a game of hide-and-seek to a whole new level! In Montenegro, this level of trouble can mean up to three years behind bars—enough time to ponder the consequences of your choices while binge-watching reality TV.

A Question of Legality

Despite Kwon’s precarious situation, his legal representative confirmed they plan to appeal the decision to extend his detention time. Good luck with that, Do! Meanwhile, the U.S. prosecutors have jumped into the fray, slapping Kwon with fraud charges in a New York court just to keep things spicy.

Conclusion

Whether Kwon’s new chapter in the Balkans will end with a triumphant business or a dramatic finish in a courtroom remains to be seen. But this Serbian foray certainly leaves us wondering: maybe some adventures are better left untaken… especially when they come with a side of international legal complications!