Recently arrested “crypto king” Do Kwon registered a company in Serbia just three weeks after Interpol issued a Red Notice for him in September, reported DL News.

Official records obtained from the Serbian Business Registers Agency show Kwon opened a company called “Codokoj22 d.o.o. Beograd” on October 12. The address listed is in the old town of the Serbian capital’s city center, DL News reported.

The sole owner of the new company is Do Hyuang Kwon – he is named as a director alongside Han Chang-Joon from Chai Corporation. Interpol issued a Red Notice for Kwon on September 20.

Kwon, suspected of being the one behind the losses of over 40 billion dollars, was arrested at the airport in Montenegro’s capital of Podgorica on March 23.

His company in Serbia was registered with the main activity of “consultancy services,” and was established with 100 Serbian dinars in capital, which is less than a euro.

Do Kwon and Han Chang-Joon used their Korean passports while registering the company, which is still active.

DL News contacted Serbian Business Registers Agency’s (APR) to ask if its officials are aware Do Kwon was a person wanted by Interpol. The APR said it didn’t have any information about the Interpol Red Notice.

The lawyers who helped set up the company also declined to comment.

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