Montenegro’s High Court has extended the detention of prominent cryptocurrency entrepreneur and Terraform Labs co-founder, Do Kwon. The decision comes in the wake of extradition requests from both the United States and South Korea, alleging fraud charges against Kwon.
Prolonged Detention Amidst Legal Battle
The High Court’s ruling extends Kwon’s detention until February 15, intensifying the legal battle surrounding his potential extradition. Kwon, who is currently appealing the court’s decision, has been in custody in Montenegro, where he received a four-month sentence.
Extradition Request from Two Nations
The extradition saga unfolds as both the United States and South Korea seek Kwon to face charges related to financial crimes. The High Court in Montenegro approved the extradition, adding complexity to the case.