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Terra Co-founder Do Kwon Released in Montenegro Pending Extradition Decision
Do Kwon is wanted in the United States and South Korea. He was the co-founder of collapsed stablecoin issuer Terraform Labs. On 23 March 2023, Kwon was arrested in Montenegro, attempting to travel to Dubai using falsified documents. He was released from custody on March 23, 2024. The decision came as the Montenegrin Supreme Court was deliberating whether to extradite him to South Korea, his home country, or potentially to the U.S., where he faces serious allegations.