Terraform Labs co-founder Do Kwon, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the US to face fraud expenses.
In accordance with a Feb. 21 report from Montenegrin information outlet Pobjeda, the Excessive Court docket of Podgorica rejected a request to extradite Kwon to South Korea earlier than the US. The choice followed an appeal by Kwon’s authorized group, arguing that Montenegro’s Justice Minister had the ultimate authority to resolve on the Terraform co-founder’s extradition — a declare the excessive court docket rejected.
It’s unclear when Kwon will journey to the US. After the collapse of Terra in Could 2022, his whereabouts have been largely unknown till March 2023, when Montenegrin authorities arrested Kwon for using falsified journey paperwork. He was sentenced to 4 months in jail and has been concerned in extradition proceedings whereas in custody.
This can be a creating story, and additional data will probably be added because it turns into accessible.
