Do Kwon to Remain in Custody While Montenegro Courts Consider Extradition Request: Report
Terraform Labs co-founder Do Kwon is to remain in Montenegro custody for six months while the country’s courts consider an extradition request from South Korea, local news outlet RFE reported on Thursday.
The report, later confirmed by DL News, followed a high court announcement on the approval of bail for a case involving document forgery. Kwon’s bail request was approved after a previous rejection by the same court.
In March, the South Korean national was arrested in Montenegro over the alleged possession of falsified documents along with fellow Terra executive Han Chang-Joon. South Korean officials were already searching for Kwon, and following his arrest, the country requested Kwon’s extradition, as did the U.S. Kwon also faces possible jail time in Montenegro over the document forgery case.
Kwon and Han are due to appear in a Montenegro court on Friday.
