Do Kwon extradition approved by Montenegro court

Published

2 years ago

November 24, 2023

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The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States.

The High Court of Podgorica has determined the legal requirements for Kwon’s extradition, according to an official statement posted on the court’s website on Nov. 24.

As the court approved Kwon’s extradition to either the U.S. or South Korea, the final decision on his extradition will be made by Montenegro’s minister of justice, the announcement notes.

Previously, a court in Montenegro sentenced Kwon to four months in jail after finding him guilty of using a forged passport to try to flee to Dubai via private jet. In June 2023, Kwon was reportedly charged with attempting to leave the country using a fake Costa Rican passport.

If the minister of justice allows the final extradition of the defendant, the extradition will occur after the execution of the criminal sanction announced before in the case of forged documents, the court statement notes.

Kwon was arrested in Montenegro in March 2023 for his role in the $40-billion collapse of the Terra ecosystem in May 2022. As both the U.S. and South Korea subsequently requested Kwon’s extradition, some prosecutors suggested that the Terraform Labs co-founder could be subject to multiple sentences in both countries.

*Do Kwon was arrested for trying to flee Montenegro using fake documents. Source: Fortune*

In the U.S., Kwon is facing a fraud-related civil lawsuit from the Securities and Exchange Commission alongside several criminal charges by the Justice Department over the collapse of TerraUSD and LUNA. If Kwon is extradited to South Korea, he could reportedly face a 40-year jail sentence in the country, where he allegedly committed most of his crimes.

Last week, Montenegro’s highest court reportedly denied Kwon’s appeal, forcing him to remain imprisoned. According to online reports, Kwon is currently being held at Spuž prison near the Montenegrin capital of Podgorica, where he is allowed to go outside for one hour daily. European officials reportedly said that the prison is cramped and poorly ventilated.

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Politics

MP Zarah Sultana who was ousted from Labour announces she is starting new political party with Jeremy Corbyn

Published

4 hours ago

July 3, 2025

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MP Zarah Sultana who was ousted from Labour announces she is starting new political party with Jeremy Corbyn

An MP who was ousted from the Labour Party has announced she is setting up a new political party with Jeremy Corbyn.

Independent MP Zarah Sultana said she and the former Labour leader will co-lead the new party, which she did not provide a name for.

She said other independent MPs, campaigners and activists from across the country will join them, but did not name anyone.

Politics latest: Zarah Sultana’s stinging resignation letter

Ms Sultana also said she was “resigning” from the Labour Party after 14 years.

She was suspended as a Labour MP shortly after they came to power last summer for voting against the government maintaining the two-child benefit cap.

Several others from the left of the party, including Mr Corbyn, were also suspended for voting against the government, and also remained as independent MPs.

However, Ms Sultana was still a member of the Labour Party – until now.

Mr Corbyn has previously said the independent MPs who were suspended from Labour would “come together” to provide an “alternative.

The other four are: Iqbal Mohamed, Shockat Adam, Ayoub Khan and Adnan Hussain.

Mr Corbyn and the other four independents have not said if they are part of the new party Ms Sultana announced.

In her announcement, Ms Sultana said she would vote to abolish the two-child benefit cap again and also voted against scrapping the winter fuel payment for most pensioners.

Ms Sultana also voted against the government’s welfare bill this week, which was heavily watered down as Sir Keir Starmer tried to prevent a major rebellion from his own MPs.

On Wednesday, Ms Sultana spoke passionately against Palestine Action being proscribed as a terror organisation – but MPs eventually voted for it to be.

She said to proscribe it is “a deliberate distortion of the law to chill dissent, criminalise solidarity and suppress the truth”.

Ms Sultana said they were founding the new party because “Westminster is broken but the real crisis is deeper – just 50 families now own more wealth than half the UK population”.

She called Reform leader Nigel Farage “a billionaire-backed grifter” leading the polls “because Labour has completely failed to improve people’s lives.

The MP, who has spoken passionately about Gaza, added: “Across the political establishment, from Farage to Starmer, they smear people of conscience trying to stop a genocide in Gaza as terrorists.

“But the truth is clear: this government is an active participant in genocide. And the British people oppose it.

“We are not going to take this anymore.”

A Labour Party spokesperson said: “In just 12 months, this Labour government has boosted wages, delivered an extra four million NHS appointments, opened 750 free breakfast clubs, secured three trade deals and four interest rate cuts lowering mortgage payments for millions.

“Only Labour can deliver the change needed to renew Britain.”