- Kwon starts Codokoj22 amid Interpol notice
- Han Chang-Joon listed as co-director
- Gecic Law represents Kwon in Serbia
In a surprising turn of events, Terraform Labs co-founder Do Kwon has set up a new company in Serbia for a mere $1, just weeks after being targeted with an Interpol red notice. This intriguing development came to light through documents obtained from the Serbian Business Registry.
On March 27, DLNews reported that official records revealed Kwon’s establishment of a company named Codokoj22 d.o.o. Beograd in October 2022 for just $0.92 (100 Serbian dinars). The company, which has registered its core business activity as consultancy services, appears to be Kwon’s latest venture.
Interestingly, Kwon is not the only high-profile name involved in this enterprise. Han Chang-Joon, the ex-CEO of Chai Corporation, is listed as a co-director alongside Kwon, who owns the company outright. Both Kwon and Han allegedly used their Korean passports to register the company, which is said to be still active within the Serbian Business Registry.
Furthermore, the report claims that Kwon sought legal representation from the Serbian law firm Gecic Law. Ognjen Colic, a partner at the firm, reportedly shared that Kwon underwent the standard security checks, including an Interpol website search, which he did not appear on. These checks are performed for every client the firm represents, and it seems Kwon successfully navigated through them.
In other news, former MicroStrategy CEO Michael Saylor, announced on Twitter that the company had successfully repaid its $205 million loan to Silvergate. According to Saylor, this debt was settled at a 22% discount, as reported on Form 8-K by the US Securities and Exchange Commission.
