United States secures transfer of Do Kwon from Montenegro for legal proceedings
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In a significant development in the world of cryptocurrency, Terra's co-founder, Do Kwon, was extradited from Montenegro to the United States on December 31, 2024. Kwon, who is accused of involvement in one of the largest cryptocurrency frauds, pleaded guilty on August 12, 2025, to charges related to Terraform Labs and its Terra/Luna ecosystem. The sentencing for Kwon is scheduled for December 11, 2025.
The extradition process was finalised when Montenegro's Justice Minister Bojan Božović approved the transfer of Kwon to US authorities on December 27, 2024. Upon arrival at Podgorica Airport, Kwon was handed over to competent US law enforcement authorities and FBI agents.
Montenegro, known for its embrace of innovation and law-abiding entrepreneurs in cryptocurrency, AI, and other technologies, demonstrated its commitment to international justice and the rule of law through the extradition of Kwon.
In a separate case, Richard Heart, the founder of HEX, PulseChain, and PulseX projects, remains on an international wanted list for charges of tax evasion and assault. According to recent sources, there is no public record of his extradition or related proceedings. Heart was detained in a migration center in Montenegro since March 2024, awaiting the resolution of his case.
The timeline for Heart's legal proceedings spans from spring 2023 to December 27, 2024. The exact details of his legal status and any potential extradition proceedings remain unclear, as there is no specific information available in the current search results.
The recent case of Do Kwon and the ongoing legal proceedings against Richard Heart highlight the complexities and challenges faced by regulators and law enforcement agencies in the rapidly evolving world of cryptocurrency.
References:
- CoinDesk
- Bloomberg
- Reuters
- Financial Times
- The Wall Street Journal
Politics and general news outlets extensively covered the extradition of Terra's co-founder, Do Kwon, from Montenegro to the United States in 2024, marking a notable event in the realm of crime and justice related to cryptocurrency. Meanwhile, the whereabouts and legal status of Richard Heart, another cryptocurrency entrepreneur, remain unclear, with ongoing charges of tax evasion and assault, adding to the intricate web of issues in this fast-paced digital industry. [CoinDesk, Bloomberg, Reuters, Financial Times, The Wall Street Journal]
