News

Just-In: Fugitive Do Kwon Might Be Handover To S.Korea, US

Minister Marko Kovac stated that Do Kwon arrested in alleged fraud might be extradited to South Korea or the United States.
Published by
Just-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.

Advertisement

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.

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana

Leading asset manager ProShares is seeking to establish a new crypto ETF tracking the CoinDesk…

October 22, 2025
  • News

Trump Says Meeting with China May Not Happen, Bitcoin Drops

U.S. President Donald Trump has cast doubts over his meeting with China's President Xi Jinping.…

October 21, 2025
  • News

The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013

Experts have indicated that a rotation might be occurring with investors moving from gold to…

October 21, 2025
  • News

Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill

Crypto and AI Czar David Sacks is set to meet with Republican members of the…

October 21, 2025
  • News

Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails

Federal Reserve Governor Chris Waller has floated the idea of a 'Payment account' framework that…

October 21, 2025
  • Altcoin News

Aster Outpaces Lighter in Perp DEX Rankings as Wintermute Buys the Dip After Previous Dump

Aster is regaining momentum in the perp DEX space as it outpaces Lightchain in 24-hour…

October 21, 2025