Recently, Serbian police have conduct on-site searches of apartments and houses and temporarily confiscated $2.2 million apartment in Belgrade city's elite Dedinje district. This apartment was purchased by Do Kwon's accomplice Han Chang-Joon, the chief financial officer of Terraform Labs. Do Kwon is a suspect of Terra blockchain network's $60 billion collapse of last May in both United States and South Korea. Han and Kwon were arrested when they attempted to board a private jet to Dubai from Montenegro and facing formal charges in a Montenegro court.

To investigate the process of buying luxurious apartments in Dedinje district, DL News contacted real estate agents from Belgrade.

Kwon's situation is worsen after prosecutors have discovered that Kwon was sent $7 million to a South Korean law firm before lawsuits filed against TerraUSD and Luna tokens crashed in May. Furthermore, US Court has granted the SEC's request to access Terra’s documents at their Singapore headquarters in spite of Kwon's objection.

It is still unknown what consequence the SEC's document access would result in, however, we can conclude that it will put Kwon in a more disadvantageous position in the potential legal process. Investors are warned to do their own research before investing in any cryptocurrency.



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