Court Reaches Decision On Do Kwon Extradition

November 24, 2023 12:23 pm Comments

Do Kwon, the founder of Terra, was arrested earlier this year for allegedly using a fake passport in order to flee from Montenegro to Dubai. Coin Telegraph provided the background details:

Previously, a court in Montenegro sentenced Kwon to four months in jail after finding him guilty of using a forged passport to try to flee to Dubai via private jet.

In June 2023, Kwon was reportedly charged with attempting to leave the country using a fake Costa Rican passport.

Following the incident, Kwon was sentenced to 4 months in jail by the legal system in Montenegro.

Now, a judge has signed off on an extradition order to send Do Kwon back to the United States or South Korea.

The order is not yet finalized and will require a signature from Montenegro’s Minister of Justice to take effect.

Multiple sources have now confirmed that the court in Podgorica, Montenegro has issued the green light for Do Kwon’s extradition.

Finbold writes:

Previously this year, the US Securities and Exchange Commission (SEC) accused Terraform Labs and Kwon of orchestrating a multi-billion dollar crypto fraud, explicitly involving an algorithmic stablecoin and other securities.

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