The Balkan nation Montenegro is reportedly looking to extradite disgraced Terra (LUNA) founder Do Kwon to the United States.
Citing “people familiar with the matter,” the Wall Street Journal reports that Montenegro Justice Minister Andrej Milovic has said privately that he plans to ship Kwon to the US rather than South Korea, which also wants to prosecute the former Terraform Labs chief executive.
Kwon was initially arrested in Montenegro in late March after attempting to board a flight to the United Arab Emirates (UAE) with a forged Costa Rican passport.
The former CEO was sentenced to four months in prison, but authorities in both the United States and South Korea want him extradited to face fraud charges stemming from the $40 billion implosion of the Terra ecosystem in 2022.
Last month, a court in Montenegro approved Kwon’s extradition to both countries, but Kwon subsequently appealed that ruling. Milovic, the Justice Minister, will likely wait to publicize his choice to pick the US until after the courts rule on Kwon’s appeal, according to the Wall Street Journal.
Dan Sunghan, the Director of the Financial Crime Investigation Bureau at the Seoul Southern District Prosecution Service, told Bloomberg in June that Kwon could serve more than four decades behind bars.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
