Prosecutor of Montenegro: It is expected to complete the investigation against Do Kwon by the deadline set on April 23rd

According to reports, Montenegrin prosecutor Haris Š aboti ć Said that the trigger for the arrest of Do Kwon was not the red wanted warrant issued by Interpol, but rather the suspicion by border guards of the legality of their passports. Haris Š aboti ć With the Chief Prosecutor Du š ko Milanovi ć ‘s job is to formally accuse Do Kwon and his partner Han Chang-joon of using false documents. It is expected that the relevant investigation will be completed before the statutory deadline of April 23. Once the prosecution files a formal complaint, Do Kwon and his partner Han Chang-joon will be tried in the lower court of Podgorica. If convicted, they face up to five years in prison.

Prosecutor of Montenegro: It is expected to complete the investigation against Do Kwon by the deadline set on April 23rd

I. Introduction
– Explanation of the topic
– Importance of the case
II. Who Is Do Kwon?
– Brief history of Kwon
– Kwon’s involvement in the blockchain industry
III. The Arrest of Do Kwon
– The trigger behind the arrest
– Details of the arrest
– Interpol’s involvement in the case
IV. Investigation of Do Kwon
– The legality of Kwon’s passport
– The prosecution’s case against him
– Potential penalties for Kwon and his partner
V. The Significance of the Case
– Implications for the blockchain industry
– Potential consequences for Kwon and his partner
– The fate of the ICON Foundation
VI. FAQs
– FAQ 1: What is the ICON Foundation?
– FAQ 2: Why is Kwon’s arrest significant for the blockchain industry?
– FAQ 3: What are the potential penalties for Kwon and his partner?

According to Reports, Montenegrin Prosecutor Haris Šabotić Said That the Trigger for the Arrest of Do Kwon Was Not the Red Wanted Warrant Issued by Interpol, but Rather the Suspicion by Border Guards of the Legality of Their Passports

Do Kwon is a well-known figure in the blockchain industry, having co-founded the ICON Foundation, a cryptocurrency founded in 2017 that has gained significant traction since its inception. However, Kwon’s status as a prominent figure in the industry was put into jeopardy when reports emerged in late March 2021 that he had been arrested, along with his partner Han Chang-joon, in Montenegro.

Who Is Do Kwon?

Do Kwon is a South Korean entrepreneur, known for co-founding the ICON Foundation, a blockchain network that aims to connect various offline networks, including financial institutions and government agencies. Kwon has also been involved in several other startups and initiatives over the years, including a mobile app development company and a blockchain advisory firm.

The Arrest of Do Kwon

The trigger for the arrest of Do Kwon and his partner Han Chang-joon was reportedly not the red wanted warrant issued by Interpol, but rather the suspicion by border guards of the legality of their passports. Montenegrin prosecutor Haris Šabotić, along with Chief Prosecutor Duško Milanović, is responsible for formally accusing Kwon and his partner of using false documents. It is expected that the relevant investigation will be completed before the statutory deadline of April 23, at which point the prosecution will file a formal complaint, and Kwon and his partner will be tried in the lower court of Podgorica. If convicted, they face up to five years in prison.

Investigation of Do Kwon

The investigation into Do Kwon’s alleged use of false documents is ongoing. Šabotić has stated that the case is not related to Kwon’s cryptocurrency work, but is instead a straightforward matter of using illegal documents. Nonetheless, the case has rightfully raised concerns within the blockchain community, given Kwon’s status as a prominent figure in the industry. If Kwon is convicted, it could have serious implications for the future of the ICON Foundation and the blockchain industry as a whole.

The Significance of the Case

The significance of the case extends well beyond Do Kwon and the ICON Foundation. It speaks to a broader issue of trust and legitimacy in the cryptocurrency and blockchain industries. As the industry looks to gain wider adoption and acceptance, it is imperative that figures within it operate within the bounds of the law and adhere to ethical standards. Kwon’s arrest raises serious questions about the future of the ICON Foundation and other blockchain ventures and the consequences of illegitimate conduct by their leaders.

FAQs

FAQ 1: What is the ICON Foundation?
The ICON Foundation is a blockchain network founded in 2017. It aims to connect various offline networks, such as financial institutions and government agencies.
FAQ 2: Why is Kwon’s arrest significant for the blockchain industry?
Kwon’s arrest raises questions about the legitimacy of figures within the industry and their adherence to ethical and legal standards.
FAQ 3: What are the potential penalties for Kwon and his partner?
If convicted, Kwon and his partner could face up to five years in prison.