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Do Kwon granted release from Montenegro prison
South Korean cryptocurrency fugitive Do Kwon was released from a Montenegro prison on Saturday, March 23, as the Supreme Court considers extradition requests from the United States and South Korea, Bloomberg reported. The Supreme Court halted proceedings to extradite the Terraform Labs co-founder to South Korea, suspending a lower court ruling.
Terra founder Kwon is reportedly currently facing fraud charges in both South Korea and the United States over the collapse of Terra Luna, which resulted in a loss of approximately $60 billion in market capitalization in 2022. Prison director Darko Vukcevic reportedly said by phone:
Terra founder Kwon is reportedly currently facing fraud charges in both South Korea and the United States over the collapse of Terra Luna, which resulted in a loss of approximately $60 billion in market capitalization in 2022. Prison director Darko Vukcevic reportedly said by phone:
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