back to article Montenegro jails Do Kwon, accused of causing $40 billion LUNA crash

Fugitive crypto villain Do Kwon has been jailed in Montenegro for falsifying documents. Kwon was a co-founder of Terraform Labs – a crypto outfit that tried to create a "stablecoin" pegged to the value of the US dollar. The scheme went pear-shaped in May 2022, leaving a $40 billion crater in investors' holdings. Kwon evaded …

  1. Sora2566 Bronze badge

    I take it Montenegro doesn't have extradition treaties with the nations that want this guy?

    1. Ace2 Silver badge

      What a strange coincidence!

    2. doublelayer Silver badge

      They appear to. Montenegro and South Korea don't have a bilateral extradition arrangement, but they are both parties to the European Convention on Extradition, which should be sufficient. They have an extradition treaty with the United States from 1902, which has been passed through a variety of successor states but appears to still be in force. I looked for a good list of Singapore's agreements, but I didn't find one and I'm getting bored. Maybe if this means they don't have one, one of the other two will get precedence. I'm guessing South Korea will ask first and, if they decide to, send him wherever else asks.

    3. fxkeh

      Not having a formal extradition treaty doesn't mean much except extra talking between diplomats. Unless there's a law against extraditing him, he's a Montenegrin national, or a particularly sympathetic character with the public, (none of these afaik) the government there can just hand him over to whoever they want really.

    4. Doctor Syntax Silver badge

      I think "auction" might be the word you're looking for.

  2. Little Mouse

    Where next?

    Does Ecuador have an embassy there with a spare sofa-bed he could use?

  3. Anonymous Coward
    Anonymous Coward

    Montenegro is a beautiful country

    Montenegro is a beautiful country and a great place to lay low for while. None of its direct neighbours are 'Schengen' countries so (land) border security will be rudimentary and he could have travelled around the Western Balkans by car without many issues. He could have enjoyed the hustle and bustle of Tirana or Durrës nightlife, the beaches of Montenegro, Bosnia and Albania, mountain climbing, (helicopter) skiing, hiking you name it.

    The challenge will be that a South Korean on a wanted list will stand out like a sore thumb, especially if there is some suspicion that he's in the region. To blend into the international tourism crowd he would have had to get to Croatia or Greece, but they are both 'Schengen' countries so have very high border security with check posts, use interconnected centralised record keeping of anyone entering or leaving, will have each and every passport verified against missing-passport databases, wanted lists etc. He wouldn't have stood a chance trying to get in or out of a Schengen country while on a wanted list.

    1. Anonymous Coward
      Anonymous Coward

      Re: Montenegro is a beautiful country

      I bet he spent most of his time holed up in a hotel, worrying, and trying to send desperate secret messages for help, which may even have flushed him out.

  4. Lil Endian Silver badge

    I've seen this somewhere before...

    News of Kwon's confinement will be cold comfort to investors, but will interest authorities around the world – many of whom remain keen to have him explain his actions.

    Kwon will emerge from Montenegro's penal system in a few weeks.

    Is anyone else getting visions of Kwon, wearing a black suit, pork pie hat[1] and shades, getting picked up from Joliet by his "brother" in an old black'n'white, followed by him laying face down in a sewer while being threatened by a Princess Leia lookalike wielding an M16A2?

    No? Just me?

    [1] or stingy brimmed Fedora if you prefer.

    [Icon: Kwon's brother's accommodation shortly after his release.]

    1. Alistair

      Re: I've seen this somewhere before...

      Something about half a pack of smokes and a full tank of gas, and wearing shades at night?

      1. Lil Endian Silver badge

        Re: I've seen this somewhere before...

        Makes me wonder how far it is to Chicago...

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