Montenegro’s high court approved the extradition of crypto entrepreneur Do Kwon, who is sought by the US and South Korea on fraud charges.
The Justice Minister will make the final decision on which country to extradite Mr Kwon to, the court said on its website on Friday. A phone call to the Justice Ministry went unanswered.
In an interview on Thursday with TV Vijesti, Justice Minister Andrej Milovic declined to disclose where he plans to send Mr Kwon. He did, however, give a hint about his intentions.
“The US is our chief foreign policy partner, we want to sign a bilateral agreement on extradition as soon as possible so we can have a legal framework for future extraditions,” he told the television station.
The Terraform Labs co-founder and the company's former chief financial officer Han Chang-joon were caught at the airport in Montenegro’s capital Podgorica in March when they tried to board a private jet to fly to Dubai after spending months as fugitives.
They were sentenced to four months in prison for travelling with forged documents. Both pleaded not guilty.
Mr Kwon has been charged by US prosecutors with orchestrating a years-long cryptocurrency fraud that wiped out at least $40 billion in market value following the implosion in May 2022 of TerraUSD, an algorithmic stablecoin.
He faces similar charges in South Korea.
The collapse of TerraUSD and its sister token Luna accelerated a broader $2 trillion downturn in the crypto market.
Officials in South Korea have said the Terra project Mr Kwon helped to create was a “fabrication” from its inception as the algorithm that helped keep TerraUSD at a stable price was impossible to get right.
MATCH INFO
Sheffield United 3
Fleck 19, Mousset 52, McBurnie 90
Manchester United 3
Williams 72, Greenwood 77, Rashford 79
UAE currency: the story behind the money in your pockets
MATCH INFO
Manchester City 3 (Sterling 46', De Bruyne 65', Gundogan 70')
Aston Villa 0
Red card: Fernandinho (Manchester City)
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
RACE SCHEDULE
All times UAE ( 4 GMT)
Friday, September 29
First practice: 7am - 8.30am
Second practice: 11am - 12.30pm
Saturday, September 30
Qualifying: 1pm - 2pm
Sunday, October 1
Race: 11am - 1pm
Key recommendations
- Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
- Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
- Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
- More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
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Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Ms Yang's top tips for parents new to the UAE
- Join parent networks
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- Keep an open mind
