Share this article
Do Kwon’s Extradition Approved by Montenegro Court
Minister will decide if Kwon will be extradited to the U.S. or South Korea.
Updated Mar 8, 2024, 5:34 p.m. Published Nov 24, 2023, 9:10 a.m.
A court in Podgorica, the capital of Montenegro, has approved the extradition of Terra founder Do Kwon to either South Korea or the United States, according to an update posted on the judiciary's website.
Kwon was arrested in the country in March after being caught in Podgorica's airport with falsified documents.
STORY CONTINUES BELOW
The final decision on the extradition will be made by the Montenegrin Justice Minister, after Kwon serves a four-month prison sentence in Montenegro for document forgery, it said.
Following his arrest in Montenegro, Kwon faces multiple counts of fraud charged by U.S. federal prosecutors, in addition to existing civil charges in the U.S. and an ongoing investigation in South Korea related to last year's terraUSD collapse.
Earlier this month, the Montenegro High Court upheld the four-month prison sentence of Kwon and his associate Han Chang-Joon for document falsification, rejecting their appeal and deeming the sentence appropriate, with Kwon facing potential extradition to South Korea or the U.S. after serving his sentence in Montenegro, CoinDesk reported.
In April, Daniel Shin, co-founder of Terraform Labs, was indicted in South Korea for capital markets law violations, with prosecutors freezing $185 million in assets.
For his part, Shin denied involvement in the company's collapse, saying he left two years prior.
UPDATE (Nov. 24, 09:49 UTC): Updates headline.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Russia’s central bank unveils new crypto rules to be adopted in 2026
Bank of Russia outlined a new framework intended to let retail and qualified investors buy crypto under defined tests and caps by 2027.
What to know:
- Russia's central bank has proposed a framework to legalize and regulate cryptocurrency trading for individuals and institutions.
- The proposal allows ordinary citizens to buy and sell cryptocurrencies through regulated platforms, with limits for nonqualified investors.
- The framework supports broader use of Russian-issued digital financial assets and permits crypto purchases abroad with mandatory tax reporting.
Top Stories
