Do Kwon To Be Extradited To US From Montenegro

Things aren’t going in Do Kwon’s favor this year. After the Terraform Labs co-founder spent four months in a Montenegro prison for attempting to travel with falsified documents, he is now set to be extradited to the United States.

Montenegro’s Justice Minister Andrej Milovic plans to grant the request for extradition, as per a Wall Street Journal report that cites persons familiar with the matter.

Do Kwon currently faces eight charges in the US, including commodities fraud, wire fraud, securities fraud, and conspiracy to defraud and engage in market manipulation. The Securities and Exchange Commission has also pressed charges, including defrauding investors in crypto schemes. All the charges related to Kwon’s time while at Terraform Labs.

Once US officials are done with him, officials in South Korea would also like to have a word with him related to his crypto activities. The Asian nation had also applied for Kwon to be extradited, however it appears the United States won that battle first.


Information for this story was found via the Wall Street Journal and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Arizona Metals: The Disappointing Kay Mine Resource Estimate

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Kwonzi Scheme: SEC Charges Terraform, CEO Do Kwon For $40-Billion Dollar Fraud

The Securities and Exchange Commission (SEC) on Thursday charged Terraform Labs and its CEO Do...

Friday, February 17, 2023, 11:28:00 AM

SEC Seeks $4.2 Billion Disgorgement, Penalties Against Terra, Do Kwon

In the ongoing legal battle between the Securities and Exchange Commission (SEC) and Terraform Labs...

Monday, April 22, 2024, 12:21:00 PM

BREAKING: Do Kwon Said To Be Arrested In Montenegro

It is currently being reported on Twitter that Do Kwon, founder of the Singapore-based Terraform...

Thursday, March 23, 2023, 09:25:38 AM

South Korea Asks To Put Terra Co-Founder On Red Notice, Do Kwon Says He’s “Not On The Run”

South Korean authorities have asked Interpol to put Do Kwon, co-founder of the defunct Terraform...

Monday, September 19, 2022, 10:51:00 AM

Fugitive Do Kwon Wants To Call The FBI On Guy Terraform Accidently Sent $1.5 Million Worth of LUNA To

“Just another day in crypto, innit?” said this guy on Reddit.  Do Kwon, the founder...

Tuesday, January 10, 2023, 06:31:00 AM