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

Terraform Labs co-founder Do Kwon will reportedly be taken into extradition custody in Montenegro, based on a report by the regional version of Radio Free Europe (RFE). He additionally faces questions on ties to a neighborhood political determine.

A spokesperson for the Excessive Court docket of Montenegro informed RFE that Kwon was ordered into custody for six months whereas the court docket decides on South Korea’s extradition request for him. A Seoul court docket issued an arrest warrant for Kwon in September. His case has been known as “the biggest monetary fraud or monetary securities fraud case that has ever occurred in South Korea.”

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