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Terraform Labs Co-Founder Do Kwon Faces Montenegro Indictment: Bloomberg
Kwon was arrested and charged with forgery in Montenegro last month.
Updated Apr 21, 2023, 3:46 p.m. Published Apr 20, 2023, 3:52 p.m.
Prosecutors in Montenegro have submitted an indictment proposal for Terraform Labs co-founder Do Kwon, according to a report by Bloomberg Law, citing reports by Montenegrin newspaper Vijesti.
Kwon, along with Terraform Labs Chief Financial Officer Han Chang-joon, was arrested and charged with forgery in Montenegro last month. That arrest was followed by request for extradition, though for now it is unclear to which country he is to be extradited. He faces criminal charges in both his native South Korea and the U.S.
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Kwon had been on the run since last summer's collapse of the Terra ecosystem, which sent shockwaves through the cryptocurrency markets.
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Key U.S. Senator on Crypto Bill, Lummis, Negotiating Dicey Points With White House
The Republican lawmaker who is among the core negotiators on the U.S. market structure bill said the White House has rejected some ethics language.
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- Sen. Cynthia Lummis (R-Wyo.) said she is negotiating with the White House on behalf of Senate Democrats trying to insert ethics provisions into Congress' market structure legislation.
- Lawmakers should reveal a new draft market structure bill by the end of the week and hold a markup hearing next week, she said.
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