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The Montenegrin justice minister has announced that a judge will decide whether Do Kwon will be extradited to the US or South Korea.

Montenegro says Terra's co-founder is facing criminal proceedings for using falsified travel documents — and if convicted, he would have to serve a sentence for that first.

Terraform Labs CEO Do Kwon is set to face court in Montenegro before any potential extradition to the U.S. or South Korea, the country's justice minister said.

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.

South Korea and the U.S. are seeking the extradition of Do Kwon, an international fugitive accused of a multibillion-dollar fraud, and another suspect arrested in Montenegro last week, the Montenegrin Justice Minister Marko Kovac said on Wednesday.

The medical quarantine facility in Montenegro doesn't meet Do Kwon's high standards of living.

Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery

According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said they were not aware of Interpol's Red Notice against their client.

South Korean authorities have stepped up efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin, following the arrest of Terraform Labs co-founder Do Kwon.

Terra co-founder Do Kwon's extradition will likely be delayed as Montenegro authorities prioritize the passport forgery case, while Do Kwon's lawyers thinking to appeal the case in Supreme Court. The court procedure for the extradition process hasn't started yet, a lawyer representing Do Kwon said on Wednesday.

What crypto news is affecting the blockchain sector today? In particular, how are The Graph (GRT), Terra Classic (LUNC) and Ripple (XRP) performing? Below are all the details.

The legal representative of Do Kwon in Montenegro, said in an interview that he had appealed the first instance judgment against Do Kwon's passport to the Supreme Court.

Do Kwon, the co-founder of Terraform Labs, reportedly informed officials in Montenegro that he had received opulent treatment during the months that he was on the run for committing an alleged crypto fraud — that literally shook the entire crypto market and resulted in the loss of at least $40 billion. Do Kwon Received VIP

A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon.

The cryptocurrency, which powers the now largely defunct original Terra blockchain that experienced catastrophe back in May 2021 was last changing hands close to $0.00012, only slightly above the $0.0001170 lows it hit earlier this month.

The Terra co-founder will remain there until April 3 — and until that time, only his lawyer or a doctor will be able to pay him a visit.

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Lisa Bragança, former SEC Enforcement Branch Chief and current Bragança Law Attorney, reacts to U.S. federal prosecutors charging Terraform Labs founder Do Kwon with fraud hours after police arrested him in Montenegro.

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 The co-founder of Terraform Labs, Do Kwon, appears to have been arrested in Montenegro, according to a tweet by the country's minister of interior, Filip Adzic.

Official records gathered from the outlet describe a company called Codokoj22, which was registered in Belgrade by Kwon and his business partner Han Chang-joon who is named as a co-director.

The arrest of Terra founder Do Kwon and Han Chang-Joon from Chai Corporation has revealed hidden activities in the past year intended to lure more investors. Notably, a Montenegrin judge ruled on Friday that Kwon and Han be detained for 30 days as investigations take effect.

Terra Classic [LUNC], which was a hot topic of discussion a few months back, has once again made it to the limelight. LUNC staking reached the 960 billion mark again with a ratio of over 14%.

The Terraform Labs executive reportedly established a company called “Codokoj22 d.o.o. Beograd” in Serbia, with its main business activity listed as consultancy services.

Do Kwon, the co-founder of Terraform Labs, has been detained in Montenegro while attempting to fly to Dubai allegedly using fake documents.

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro.