Do Kwon detention extended in Montenegro after report of likely extradition: Bloomberg

Quick Take

  • Terraform Labs co-founder Do Kwon’s detention in Montenegro has been extended until mid-February as he appeals extradition.
  • Last week. The Wall Street Journal reported, citing sources, that the fallen crypto entrepreneur would be extradited to the U.S.

The detention of Terraform Labs co-founder Do Kwon in Montenegro has been extended at the request of the U.S. and South Korea, according to Bloomberg.

Do Kwon's detention in the small European nation will last until Feb. 15, the report said. The detention period had been scheduled to end this coming Friday, the report also said.

The court's decision comes in response to a request made from the U.S. and South Korea, both of which aim to prosecute the crypto entrepreneur on charges related to the collapse of the TerraUSD stablecoin, a court spokeswoman told Bloomberg.

Last week, The Wall Street Journal reported that Montenegro planned to extradited Kwon to the U.S. The report cited anonymous sources familia