Montenegro Prolongs Detention of Terraform Labs Co-Founder Do Kwon

According to a recent announcement on Terraform Labs co-founder Do Kwon, the High Court in Montenegro has prolonged his detention. Originally set to expire on Friday, Kwon’s custody period has been extended by an additional two months until February 15th. This extension comes as both the United States and South Korea are actively seeking Kwon’s extradition. They have accused him of charges linked to the 2022 collapse of TerraUSD, a notable algorithmic stablecoin.