Do Kwon heading into extradition custody in Montenegro after receiving bail: Report

Do Kwon heading into extradition custody in Montenegro after receiving bail: Report



According to a report from Radio Free Europe (RFE), Do Kwon, the co-founder of Terraform Labs, is set to be held in custody in Montenegro for a period of six months while the Montenegrin court reviews a request for his extradition from South Korea. Additionally, Kwon is facing inquiries regarding his connections to a local political figure.



As stated by a spokesperson for the High Court of Montenegro, the court has ordered Kwon's custody for six months to deliberate on South Korea's extradition request. In September, a Seoul court issued an arrest warrant for Kwon, with his case being described as "the largest financial fraud or financial securities fraud case that has ever happened in South Korea."



Furthermore, the United States has also requested Kwon's extradition to face charges brought by federal prosecutors and the U.S.


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