South Korea Confirmed the Suspect is Do Kown, JAIL KWON token $JKWON Surged 60%

On Friday, South Korea police confirmed that the suspect in Montenegro was Do Kwon, after his fingerprints matched official records. The suspect was allegedly traveling under a false name with fake documents.

Officials are reportedly working on repatriating Mr Kwon to South Korea.

Mr Kwon has separately been charged with fraud by US prosecutors. He faces charges of securities fraud, wire fraud, commodities fraud and conspiracy, according to an indictment made public at the US District Court in Manhattan on Thursday.

A token named JAIL KWON, $JKWON has surged 63% over the past 24 hours.