The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
Terraform Labs co-founder Do Kwon, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges. The High Court in Podgorica reportedly rejected a request to extradite Kwon to South Korea. The decision followed an appeal by Kwon’s legal team, arguing that Montenegro’s justice minister had the final authority to decide on the Terraform co-founder’s extradition — a claim the high court rejected. It’s still unclear when Kwon will travel to the United States.
Meanwhile, the U.S. Attorney’s Office has requested that a federal judge approve additional travel restrictions for former Binance CEO Changpeng “CZ” Zhao. The U.S. Attorney’s Office asked Zhao to stay within the continental U.S. until his sentencing hearing on April 30 and give three days’ notice of any travel to allow the government to raise objections. Prosecutors also asked that CZ surrender his Canadian passport and “all other current and expired passports and travel documents” to his legal team.
Another former crypto CEO, Sam Bankman-Fried, returned to the courtroom to address potential conflicts of interest involving his lawyers. Bankman-Fried waived his right to conflict-free legal representation with lawyers Marc Mukasey and Torrey Young. The courtroom appearance in the U.S. District Court for the Southern District of New York marked one of the first times Bankman-Fried had been seen outside of jail since a jury convicted the former FTX CEO of seven felony charges in November 2023.
