NewsletterJust-In: Fugitive Do Kwon Might Be Handover To S.Korea, US
Crypto News: Terraform Labs’ Co-founder Do Kwon arrested in Montenegro in alleged multibillion dollar fraud left the international turned up actions to be taken ahead. However, South Korean and United States authorities are now seeking the extradition of the international crypto fugitive.
Do Kwon To Be Extradited?
As per reports, Minister Marko Kovac stated that Do Kwon and another suspected arrested in alleged fraud might be extradited to South Korea or the United States. Kwon is wanted by US in the connection with the $40 billion crash which went on to demolish the crypto market.
However, a Montenegro court ordered the Do Kwon and other accused 30 days for legal proceedings. Earlier, South Korea requested Interpol to circulate a “red notice”. This led the 195 member nations of Interpol to find the international crypto fugitive. Read More Crypto News Here…
Terra Co founder was arrested from the Podgorica Airport while he was trying to run Dubai using fake Costa Rican passports. It was reported that he have been hiding in Serbia, however, he moved to Montenegro. S. Korean investigators tracked his whereabouts and informed the Serbian authorities to detain him.
Meanwhile, it is not immediately clear that when and to which nation Do Kwon would be handovered to.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- 8 Best Crypto Exchanges That Accept PayPal Deposits and Withdrawals
- Jerome Powell Speech Today: What To Expect as Fed Ends QT
- Tom Lee’s BitMine Acquires 96,798 ETH Ahead of Ethereum Fusaka Upgrade
- Schiff Predicts ‘Beginning of the End’ for MSTR as Strategy Eases Bitcoin Sell-Off Fears With $1.44B Reserve
- Bitget Launches MONAD Earn With 20% APR, 800K MON Airdrop Campaign
- Dogecoin Price Below $0.15 as Crypto Market Crashes: Will $0.10 Hold?
- Will the Binance Coin Price Rebound as a Key RWA Metric Jumps 99%
- AVAX Price Prediction After Bitwise Files for a Staking ETF — A Rebound Coming?
- Will Chainlink Price Soar to $20 with U.S. Spot ETF Launch?
- Is Pepe Coin Price at Risk After Forming This Bearish Pattern?
- Bitcoin Price Drops to $87K in a Rapid Crash: What Sparked the Sell-Off?
