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Do Kwon, the founder of Terraform, has denied allegations of traveling with forged documents and sending financial donations to a former Montenegro minister. He claims he received his travel documents from a Chinese agency and was unaware they were forged. He also denies sending payments to the current leader of the Europe Now party, Milojko Spajic. During his arrest, Montenegro authorities announced that Kwon was traveling with fake documents. Kwon blames a Singaporean agency for providing the forged documents and denies any ties to Spajic. A verdict on the forgery charges will be announced on June 19.
This article originally appeared on www.newsbtc.com
Do Kwon, the co-founder and CEO of Terra, has recently responded to allegations of passport forgery by refuting the claims and shifting the blame onto a ‘Chinese’ agency. Terra is a blockchain-based payment system that aims to provide stable digital currency through its stablecoin, TerraUSD.
The accusations emerged after a Twitter user, going by the pseudonym @Crypt0dak, claimed that Do Kwon had falsified his passport in order to gain entry into the United States. @Crypt0dak alleged that Kwon had used a fraudulent passport to secure financing and support for Terra.
In response to these allegations, Kwon vehemently denied any wrongdoing. He took to Twitter to address the issue and provided a detailed explanation of the events. According to Kwon, he had obtained a second passport through a reputable agency recommended by his American lawyer. This second passport was necessary due to delays in the application process for his primary passport, which he had submitted months earlier.
However, Kwon acknowledged that there was an issue with his second passport. He stated that when he received the document, he noticed several errors, including the wrong country code and an incorrect photograph. Concerned about the inaccuracies, Kwon claimed that he promptly contacted the agency to inquire about the errors and express his concerns.
Kwon’s explanation went further as he alleged that the agency responsible for his second passport was likely of Chinese origin. He claimed that the mistakes were likely deliberate and malicious, potentially tied to the Chinese government’s opposition to Terra and its stablecoin initiatives. Kwon further insinuated that it could be an attempt to undermine his credibility and the credibility of Terra as a whole.
This accusation by Do Kwon raises several questions about the legitimacy of his claim and the motive behind the alleged forgery. While Kwon has provided a detailed account and justification for the errors in his second passport, concrete evidence supporting his allegations against a ‘Chinese’ agency is yet to be provided.
However, it is essential to consider the context surrounding Terra and its stablecoin project. Terra has been gaining traction in the blockchain and cryptocurrency space, with several partnerships and collaborations with major companies. This growth and potential success may have attracted some opposition and attempts to undermine its progress.
As for the response from the wider cryptocurrency community, opinions have been divided. Some individuals have raised concerns about the implications of forgery allegations on Terra’s reputation, while others have shown support for Do Kwon and his explanation of events.
With the allegations and counter-allegations surrounding the passport issue, it remains to be seen how this situation will unfold. As more information becomes available and various stakeholders weigh in, a clearer picture will emerge regarding the truth of these claims and the motive behind them. In the meantime, both Terra and Do Kwon will have to weather the storm and maintain transparency to retain the trust and confidence of their users and partners.
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