Montenegro Primed To Ship Disgraced Terra (LUNA) Founder Do Kwon to US To Face Fraud Charges: Report


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.

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