Bitcoin
$63,898.60+0.20%
Ethereum
$3,061.49-0.52%
Binance Coin
$557.09+0.72%
Solana
$144.61+2.95%
XRP
$0.50122526-0.25%
Toncoin
$6.27-0.53%
Dogecoin
$0.15110109-0.02%
Cardano
$0.46807750+2.53%
Shiba Inu
$0.00002261-1.05%
Avalanche
$34.96-0.47%
Wrapped Bitcoin
$63,935.22+0.13%
Tron
$0.11024184+0.71%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
01
DAY
03
HR
25
MIN
46
SEC
Policy

Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP

Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.

By Jack Schickler
AccessTimeIconMar 24, 2023 at 2:32 p.m. UTC
Updated Mar 24, 2023 at 3:07 p.m. UTC
VolumeMuteUnmute
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Terraform Labs founder Do Kwon has been charged with forgery in Montenegro and is due in court later Friday for extradition proceedings, according to a report by AFP.

The South Korean national has been on the run following the collapse of stablecoin terraUSD, which sent shockwaves through the crypto markets last year.

"A criminal complaint was filed against both persons for the criminal offence of document forgery," AFP cites Montenegro's police as saying Friday, a day after Kwon and a second person were arrested at Podgorica airport.

A court official said Kwon would appear in a Podgorica court later Friday, but it is unclear which country has issued the extradition request. Federal prosecutors in New York charged Kwon with fraud on Thursday hours after his arrest.

Read more: Do Kwon Now Faces Criminal Fraud Charges From U.S. Prosecutors

Edited by Sheldon Reback.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jack Schickler
Jack Schickler

Jack Schickler was a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.

Follow @jackschickler on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.