Former Terra CEO Do Kwon, who was indicted by a federal grand jury in the United States for alleged fraud and money laundering, will face trial in Montenegro for traveling on a fake passport. According to Kwon’s lawyer in the Balkan nation, his client denies any wrongdoing and is eager to clear his name in court.
However, the fugitive crypto entrepreneur may have to serve time in prison in Montenegro before he is extradited to the United States. This comes as a shock to many in the crypto community who have been following Kwon’s case closely.
Kwon’s alleged actions have been heavily criticized, and many have called for him to face justice. A Reddit user commented, “Take him and his CFO, throw em in a cell, and throw the key in the ocean…. you can put Sam in there with them, too.”
It is unclear how long Kwon will have to serve in Montenegro before he is extradited to the United States. This case is likely to take some time to resolve, and the crypto community is watching closely to see what impact it may have on the industry as a whole.