ChainCatcher news, according to Forkast, based on the court website of Podgorica, the capital of Montenegro, former Terraform Labs CEO Do Kwon will attend a court hearing in Montenegro on May 11, charged with the crime of forgery of documents.Previously, it was reported that Do Kwon was arrested in Montenegro in March at the airport for passport forgery. On April 20, news emerged that the Montenegrin prosecutor charged Do Kwon with forgery of documents and requested an extension of his detention period. (source link)

ChainCatcher news, according to a report by blockchain media Protos citing a Montenegrin criminal defense lawyer, Terraform Labs CEO Do Kwon shared a living space with one or two people during his 10-day COVID quarantine, but after the quarantine period, he will enter a detention center. The conditions there are much worse than in the quarantine area, with rooms only 8 square meters, housing 10-11 people, and no beds. Detainees are allowed to "walk around the block" for 30 minutes each day and can purchase basic necessities from a small shop.The lawyer pointed out that they believe "it will take at least a year" to reach any extradition agreement. Kwon will first face criminal charges in Montenegrin court, and the trial may take about four to five months. If Kwon's case is found guilty, the details of his case could lead to a sentence of 6 months to 5 years in prison, and the extradition process will take at least four to five months. (source link)

ChainCatcher news reports that the Serbian Office of the Tech Criminal Prosecutor and the U.S. Attorney's Office have revealed that Terraform Labs CEO Do Kwon and Chai Corporation's former CEO Shin Hyun-seung (also known as Daniel Shin), who fled together, have established a company related to cryptocurrency business in Serbia.It is reported that the prosecution is confirming whether Do Kwon set up the legal entity to officially conduct virtual asset business in Serbia or to establish a shell company for money laundering and other purposes. (source link)

Chaincatcher news, in response to the news of the LFG wallet transferring 3,313 bitcoins, Terra founder Do Kwon tweeted that he has not used KuCoin and OKX since at least last year, and that no funds from TFL (Terraform Labs), LFG (Luna Foundation Guard), or other entities have been frozen.According to a previous report by Cointelegraph, after the South Korean prosecution issued an arrest warrant for Do Kwon, from September 15 to 18, the LFG wallet transferred approximately 3,313 bitcoins (about 66.59 million USD) to the cryptocurrency exchanges KuCoin (1,354 bitcoins) and OKX (1,959 bitcoins).This morning, the Terra Foundation Luna Foundation Guard (LFG) also tweeted in response that no new wallets have been created or any BTC or other tokens moved since May of this year, and their treasury's BTC address shows no activity within the specified time frame. (Source link)

Chain Catcher news, in response to the news about the LFG wallet transferring 3,315 bitcoins, the Luna Foundation Guard (LFG) tweeted that no new wallets have been created or BTC and other tokens held have been moved since May of this year, and their treasury's BTC address shows no activity within the specified time frame.According to a previous report by CoinDesk, after the South Korean prosecution issued an arrest warrant for Terra founder Do Kwon, from September 15 to 18, the LFG wallet transferred approximately 3,313 bitcoins (about $66.59 million) to the cryptocurrency exchanges KuCoin (1,354 bitcoins) and OKX (1,959 bitcoins). (Source link)