Do Kwon, Terraform founder is charged by Montenegrin police with forging documents.

Do Montenegrin police indict Kwon for creating two digital currencies? They lost nearly $40 billion. Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (about Rs.) last year, was charged by Montenegrin police for forging official documents following his arrest at Podgorica airport.

Do Kwon, a South Korean citizen, was stopped by a second suspect as he tried to board a flight from Podgorica to Dubai.

In a statement, police said they found two sets of forged passports from Costa Rica and one from Belgium in their luggage.

It said a Podgorica court charged the two suspects for falsifying official documents.

It stated that “Pending the completion of (court) proceedings, they’ll be taken to an investigator judge…for further actions under an international (arrest warrant) warrant.”

The statement also stated that the international warrant was issued against them “to ensure their presence…before the Southern District Court of Seoul on suspicion they have committed several criminal acts within the field of economics.”

Several hours after Kwon had been detained in Podgorica by the US District Court, Manhattan issued an eight-count indictment against Kwon.

After business hours, lawyers for Kwon in the United States didn’t immediately respond to inquiries for comment.

Kwon is charged with co-founding Terraform Labs and developing the TerraUSD and Luna currencies. He also faces two charges of securities fraud, wire fraud and conspiracy.

Both currencies crashed in May, with TerraUSD’s value sinking to less than one penny.

This criminal case comes on the heels of related US Securities and Exchange Commission civil cases against Kwon and Terraform from last month.

Kwon was a fugitive for several months. Kwon was a fugitive for several months.

South Korean police confirmed Friday that the suspect in Montenegro was Kwon. His fingerprints match the information from the country’s National Police Agency.