Montenegro Extends Do Kwon Detention on US, South Korea Requests
Do Kwon is taken to court in Podgorica, Montenegro, in May.
Photographer: Savo Prevelic/Getty ImagesThis article is for subscribers only.
Montenegro’s High Court extended the detention of Terraform Labs co-founder Do Kwon, at the request of the US and South Korea, court spokeswoman Marija Rakovic told Bloomberg.
The court in Podgorica ruled that the term in custody, which would have expired on Friday, be prolonged by two months to Feb. 15, Rakovic said. Both the US and South Korea are seeking the crypto entrepreneur on charges related to the 2022 implosion of TerraUSD, an algorithmic stablecoin.