Montenegro court rejects Do Kwon’s extradition appeal
Montenegro’s Constitutional Court has dismissed Do Kwon's appeal against extradition, citing legal inconsistencies and upholding a prior ruling favoring extradition. Kwon faces allegations of fraud and financial crimes linked to the $40 billion collapse of his crypto venture, Terra-Luna, in May 2022. He was arrested in Montenegro in March 2023 while using a forged passport. The case has implications for international accountability in cryptocurrency. A US court found Kwon and Terraform Labs liable for fraud, leading to a $4.47 billion settlement with the SEC. Kwon is liable for $110 million in disgorgement fines and additional penalties. Controversy arose regarding Montenegrin Prime Minister Milojko Spajic's involvement with Terraform Labs, as documents revealed he invested $75,000 in Terra tokens in 2018, contradicting his previous claims.
