Do Kwon, co-founder and chief executive officer of Terraform Labs, was arrested in Montenegro in March this year. EPA
Do Kwon, co-founder and chief executive officer of Terraform Labs, was arrested in Montenegro in March this year. EPA
Do Kwon, co-founder and chief executive officer of Terraform Labs, was arrested in Montenegro in March this year. EPA
Do Kwon, co-founder and chief executive officer of Terraform Labs, was arrested in Montenegro in March this year. EPA

Terraform Labs founder Do Kwon to be extradited from Montenegro


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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.

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Sole survivors
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  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
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The chef's advice

Troy Payne, head chef at Abu Dhabi’s newest healthy eatery Sanderson’s in Al Seef Resort & Spa, says singles need to change their mindset about how they approach the supermarket.

“They feel like they can’t buy one cucumber,” he says. “But I can walk into a shop – I feed two people at home – and I’ll walk into a shop and I buy one cucumber, I’ll buy one onion.”

Mr Payne asks for the sticker to be placed directly on each item, rather than face the temptation of filling one of the two-kilogram capacity plastic bags on offer.

The chef also advises singletons not get too hung up on “organic”, particularly high-priced varieties that have been flown in from far-flung locales. Local produce is often grown sustainably, and far cheaper, he says.

Common OCD symptoms and how they manifest

Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.

Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.

Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.

Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.

Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.

Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia

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Updated: November 25, 2023, 4:00 AM`