Terraform Labs Co-Founder Do Kwon Faces Extended Detention
Do Kwon, co-founder of Terraform Labs, is set to remain in a Montenegro jail for an additional two months as the dispute over his potential extradition continues.
According to reports, the court in Podgorica has extended Kwon’s custody until February 15th.
Montenegro High Court Extends Detention
A recent report reveals that the High Court of Montenegro has decided to prolong the detention of Do Kwon, co-founder of Terraform Labs. The extension is for an additional two months, with his custody now lasting until February 15th.
Last month, the High Court issued a ruling suggesting that Kwon could be extradited. However, his legal team is currently challenging this decision.
Kwon’s Potential Extradition
Authorities have been holding Kwon in detention in Montenegro since March. Both US and South Korean prosecutors are seeking to bring him under their jurisdictions. However, sources familiar with the matter suggest that justice officials plan to return Kwon to the US instead of South Korea to address criminal charges.
Kwon recently filed an appeal against the High Court’s decision to extradite him, stating that he does not accept it.
Hot Take: Uncertainty Surrounding Do Kwon’s Detention
The extended detention of Terraform Labs co-founder Do Kwon raises questions about his potential extradition and where he will face criminal charges. As the legal battle continues, uncertainty looms over Kwon’s future. The outcome of this case could have significant implications for both the crypto industry and international extradition proceedings.
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