Terraform Labs Co-Founder Do Kwon to be Extradited to US on Fraud Charges
Summary:
Terraform Labs co-founder Do Kwon, detained in Montenegro since March 2023, is set to be extradited to the US to face fraud charges. An attempt by Kwon's legal team for his extradition to South Korea before the US trial was rejected by the High Court of Podgorica. Following Terra's collapse in May 2022, Kwon was arrested for possessing false travel documents. The timeline of his extradition remains unclear.
In the latest development, Terraform Labs collaborator Do Kwon, who has been detained in Montenegro since March 2023, is slated for extradition to the United States on the grounds of deceit charges. The High Court of Podgorica, as covered in a Feb. 21 story by Montenegrin media house Pobjeda, dismissed a proposition for Kwon's extradition to South Korea before his trial in the United States. This followed an objection raised by Kwon’s lawyers asserting the prerogative of Montenegro’s Minister of Justice to give the final verdict on Kwon's extradition; a contention that the high court turned down. The time frame of Kwon's journey to the United States remains uncertain. Following Terra's dissolution in May 2022, Kwon's whereabouts remained a mystery until March 2023, when he was apprehended by Montenegrin officials for possessing false travel credentials. He was handed down a prison term of four months and has been amid extradition legalities while under arrest. Keep watching for more updates to this evolving story.
Published At
2/21/2024 8:57:17 PM
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