montenegro

ChainCatcher news, the former Minister of Justice of Montenegro proposed to issue 500 million euros in bonds to establish a national Bitcoin strategic reserve.

ChainCatcher news, Montenegro's Prime Minister Milojko Spajić stated on social media that Montenegro has completed the procedure to extradite Do Kwon to the United States, and he may soon head to the U.S. to face criminal charges.

ChainCatcher news, according to reports from Jinshi citing police sources, Montenegro has extradited Terra co-founder Do Kwon to the United States. (Jinshi)

ChainCatcher news, according to Cryptoslate, Montenegrin Justice Minister Bojan Božović confirmed that a decision has been made regarding the extradition of Terraform Labs co-founder Do Kwon, with the extradition agreement set to be signed before the end of this week. This decision comes after a lengthy and controversial legal process lasting several months. Božović did not provide further comments on the details of the case, nor did he disclose where Kwon would be extradited. He stated, "As the Minister of Justice, I have no other comments beyond what the Supreme Court has already ruled."Do Kwon's legal troubles in Montenegro began in March 2023 when he and Terraform CFO Han Chang-joon were arrested at Podgorica Airport for attempting to use forged documents. The two were sentenced to prison in Montenegro but remain the focus of international extradition requests as they contest allegations regarding their roles in the 2022 TerraLUNA collapse, which resulted in over $40 billion in losses. Han Chang-joon will be extradited back to South Korea after serving his sentence in early 2024.

According to ChainCatcher news, local media Vijesti recently reported that former Montenegrin Minister of Justice Andrej Milović expressed concerns about the potential connection between the extradition of Terraform Labs co-founder Do Kwon and the airport concession agreements in Montenegro and South Korea.Milović argued that Spajić initially supported the transfer of Kwon to France but changed his position after the appellate court ruled that Kwon should be extradited to South Korea. He further pointed out that Spajić has a personal connection to the case and cited reports of Spajić investing $75,000 in the Terra/Luna tokens, directly linking him to Kwon's bankrupt crypto project. Milović warned that extraditing Kwon to South Korea would hinder a comprehensive investigation into the matter and called on the U.S. to pressure Spajić to cooperate with a broader investigation.

ChainCatcher news, according to the acting president of the Supreme Court of Montenegro, it is expected that the Supreme Court will decide by the end of this month whether the ruling on the extradition case of Do Kwon violates the law.Vesna Vučković stated that the Supreme Court will make a decision on the "request for protection of legality" submitted by the Supreme State Prosecutor. The prosecutor believes that there are multiple illegalities in the final rulings of the High Court and the Court of Appeals regarding the extradition of cryptocurrency founder Do Kwon.

ChainCatcher news, according to Cointelegraph, Montenegrin police have arrested FutureNet co-founder Roman Ziemian, who is involved in a fraud amounting to 21 million dollars.He is currently charged with fraud, money laundering, and theft, and could face life imprisonment.Previously, Roman Ziemian co-founded FutureNet in 2018 with Stephan Morgenstern and sold "participation packages" ranging from 10 to 10,000 dollars, promising profits to investors who persuaded others to purchase the program.

ChainCatcher news, according to the Montenegrin daily Vijesti, the Supreme Court of Montenegro has suspended the procedure to extradite Do Kwon to South Korea. This decision was made after the Supreme State Prosecutor's Office appealed the legality of the previous court ruling that approved his extradition. The suspension will put the extradition process on hold while the Supreme Court reviews the case.This extradition case involves multiple legal inconsistencies, with the court having previously made several rulings regarding Do Kwon's extradition to both the United States and South Korea. Do Kwon is accused of orchestrating a $40 billion fraud scheme through the Luna and Terra cryptocurrencies and was arrested in March 2023, after which he has been awaiting extradition. Do Kwon's lawyers have criticized the handling of the case, pointing out the existence of multiple judicial rulings and emphasizing that the appellate court's consistent legal reasoning is a positive exception. The case has attracted significant attention due to its legal complexities and political implications in Montenegro.

ChainCatcher news, according to the Montenegrin daily Vijesti, the Supreme Court panel of Montenegro will decide by this weekend whether to postpone the extradition of Terraform Labs co-founder Do Kwon to South Korea. The Office of the National Prosecutor of Montenegro has requested the Supreme Court to review the legality of the ruling made by the Montenegrin Court of Appeals and proposed to delay the execution of that ruling. The prosecutor's office believes that the ruling of the Court of Appeals violates the Law on International Legal Assistance in Criminal Matters.Previous news, according to Bloomberg, the Montenegrin Court of Appeals upheld the ruling that Terraform Labs Pte. co-founder Do Kwon should be sent back to his home country of South Korea, thereby rejecting the suggestion to extradite him to the United States.

ChainCatcher news, according to Cointelegraph, a court document submitted by the U.S. Securities and Exchange Commission (SEC) reveals that Montenegro's Prime Minister Milojko Spajic, who took office in October last year, was one of the early investors in Terra. He invested $75,000 in Singapore's Terraform Labs in April 2018, purchasing 750,000 LUNA.Before the court document was made public, the Prime Minister of Montenegro claimed that he had never personally invested in failed cryptocurrency projects. The Prime Minister stated that the company he worked for was scammed out of $75,000, rather than him personally.

ChainCatcher news, according to AFP, the Montenegrin court on Friday revoked the extradition order for cryptocurrency entrepreneur Do Kwon to South Korea, who is wanted by South Korea for the alleged collapse of Terra company worth billions of dollars. The Montenegrin appellate court stated in a statement that the case will be sent back to the first instance court for re-examination and decision.

ChainCatcher news, according to Cointelgraph, Montenegro's Minister of Justice Andrej Milovic has discussed the investigation into Terraform Labs co-founder Do Kwon with officials from the U.S. Securities and Exchange Commission (SEC), including Enforcement Director Gurbir Grewal. As of the time of publication, Do Kwon remains in Montenegro, where the courts are considering extradition requests from the U.S. and South Korea.

ChainCatcher news, according to The Block, the Montenegrin Ministry of Justice stated on Wednesday that authorities recently met with representatives from the U.S. Securities and Exchange Commission (SEC) to discuss the investigation into Terraform co-founder Do Kwon and broader issues of cryptocurrency investor protection.The department stated in a statement that the SEC has submitted the findings of its investigation into Do Kwon to Montenegrin Justice Minister Andrej Milović, as well as court proceedings against Do Kwon in the United States.

ChainCatcher news, according to Protos citing Montenegrin media reports, Terraform co-founder Do Kwon and former executive Han Chang-joon not only purchased luxury apartments in the Serbian capital of Belgrade before heading to Montenegro, but they may have met with Montenegrin Prime Minister Milojko Spajić at some point before their arrest. Former Montenegrin Prime Minister and current MP Dritan Abazović stated that these two may not only be in contact with the Serbian elite and evading law enforcement but also have larger schemes.Abazović claimed that sources informed him that Do Kwon and the country's Prime Minister Milojko Spajić met at Topalovićeva 4 in Belgrade, and Spajić may have reached an agreement with Do Kwon to purchase millions of dollars worth of Terra/Luna tokens for a hedge fund registered in Bulgaria and headquartered in Singapore called Das Capital. Spajić was able to buy these tokens at 10 cents and sell them for 118 dollars, although there is no evidence to support this claim.It is worth noting that Spajić did indeed work at Das Capital, but it is unclear when he last assisted the company with transactions and whether the hedge fund was involved in cryptocurrency.

ChainCatcher news, according to local Montenegrin media Vijesti, Do Kwon was transferred to a detention facility on March 23 and will await the final extradition decision. Before the transfer, Do Kwon underwent a five-hour interrogation by a local inspector. He is expected to remain in the detention facility until a new decision is made by the local court regarding his extradition.Do Kwon's local legal representative Goran Rodić stated that this treatment is illegal and will file a complaint with the local administrative court.

ChainCatcher news, the extradition process of Terra co-founder Do Kwon has been suspended due to legal objections raised by the Montenegrin prosecutor's office, and he will be investigated.It is reported that Do Kwon has been detained in Montenegro since March 2023, and the Montenegrin authorities are weighing extradition requests from both South Korea and the United States, where he faces criminal charges.Previously, after the collapse of Terraform Labs and the Terra ecosystem in May 2022, which resulted in a loss of $40 billion, Do Kwon was accused of being on the run for months.

ChainCatcher news, according to Digital Asset, the High Court of Podgorica, the capital of Montenegro, stated that "the decision to extradite Terraform Labs founder Do Kwon to the United States may be overturned again."Marija Rakovic, a public information officer at the High Court of Podgorica, said, "The appellate court has overturned the high court's extradition decision twice. If Do Kwon appeals the recent extradition decision again, the appellate court may overturn the high court's decision to extradite him to the United States once more." He added, "We do not intend to predict the appellate court's ruling, but rather (in principle) indicate our position on this possibility."