**Crypto Founder Do Kwon Faces Possible Extradition from Montenegro**
Do Kwon, one of the co-founders of the algorithmic stablecoin TerraUSD, could be detained in Montenegro for up to six months as authorities decide whether to extradite him. Kwon has been on the run from authorities and was arrested in March while trying to leave Montenegro for Dubai using a fake passport. He has also been charged with attempting to use forged travel documents. Both South Korea and the United States have requested his extradition. The High Court of Montenegro has confirmed that Kwon will remain in detention while the country considers the extradition requests.
**Arrest and Extradition Requests**
Do Kwon, co-founder of TerraUSD, has been facing legal troubles as authorities seek his extradition. Kwon, who had been on the run for months, was arrested in March while attempting to leave Montenegro for Dubai. He was found in possession of a fake Costa Rican passport, as well as forged passports from Belgium and South Korea. Kwon has been charged with attempting to use forged travel documents and has pleaded not guilty. Both South Korea and the United States have requested his extradition.
**The Bail Controversy**
Initially, a judge granted Kwon and his associate a six-figure bail, but this decision was later overturned after the prosecution appealed. The details of the appeal and the subsequent denial of bail were not provided in the article.
**Alleged Ties to Europe Now Party**
Recent reports have suggested that Kwon allegedly contributed to Europe Now, a political party founded by the crypto-friendly politician Milojko “Mickey” Spajić. The Montenegrin government claims that Kwon has ties to Spajić, citing a letter Kwon sent from custody to the outgoing prime minister. This letter stated that he and Spajić were business partners. Supporters of Europe Now dismissed the claims, calling them a political attack.
**Parliamentary Election Results**
Europe Now recently won about a fourth of the seats in the Montenegrin parliament. The party is now looking to form a coalition with other parties to establish a government. As the leader of Europe Now, Spajić has a chance at becoming the prime minister. Kwon is expected to be questioned about his alleged ties to Spajić by the Special State Prosecutor’s Office.
**Conclusion**
Crypto founder Do Kwon is facing extradition from Montenegro after being arrested in March. He is currently in detention while authorities decide whether to honor extradition requests from South Korea and the United States. Kwon’s case has attracted attention due to his alleged ties to the Europe Now party and the possibility of forming a government coalition in Montenegro. His next hearing is scheduled for Friday.
GIPHY App Key not set. Please check settings