Do Kwon’s Serbian Venture Survives Terraform Labs’ Collapse
Amidst the legal troubles and bankruptcy of Terraform Labs, Do Kwon’s Serbian venture Codokoj22 d.o.o. Beograd remains active. While Terraform Labs filed for Chapter 11 bankruptcy in the U.S., Codokoj22 continues its operations in Serbia.
Codokoj22: A Mysterious Serbian Enterprise
Established in 2022 by Do Kwon and Han Chang Joon, Codokoj22 is headquartered in Belgrade’s old town. Despite Kwon’s legal predicaments and minimal investment, the company remains legally operational.
Serbian Law and Business Regulations
Interestingly, Serbian law does not require the dissolution of a business based on the legal status of its founders. This allows Codokoj22 to continue functioning despite Kwon and Chang-Joon’s arrest and conviction for using false documents.
The company’s survival relies on its compliance with Serbian business regulations, including the submission of financial statements. Failure to submit two consecutive annual statements could lead to deregistration.
Uncertain Future and Legal Challenges
Kwon’s lawyer in Montenegro is unaware of his intentions for Codokoj22. The future of the Serbian venture remains uncertain, along with the resolution of Kwon’s legal challenges across multiple jurisdictions.
Hot Take: Do Kwon’s Cryptocurrency Empire Faces Uncertainty
Despite the collapse of Terraform Labs and ongoing legal troubles, Do Kwon’s Codokoj22 d.o.o. Beograd continues to operate in Serbia. With its mysterious purpose and minimal investment, the company raises questions about Kwon’s intentions and the future of his cryptocurrency empire.
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