Montenegro’s Supreme Court to Rule on Do Kwon Extradition This Month: Report

Author Hongji Feng Author Hongji Feng About Author Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),... Author Profile Share Copied Last updated: September 13, 2024 17:41 EDT

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Montenegro’s Supreme Court is reportedly set to decide by the end of this month whether the extradition process of Do Kwon involved legal violations.

According to a recent report by Vijesti, a Montenegrin newspaper, the court will review a request from the Supreme State Prosecutor alleging multiple breaches of law in the judgments made by lower courts regarding Kwon’s extradition.

Do Kwon’s Extradition Result in September

Acting Supreme Court President Vesna Vučković noted that the decision follows concerns over legal uncertainties raised in handling the case.

Vučković emphasized that the situation is particularly troubling given the short timeframe within which these violations were identified in the Do Kwon extradition case.

Montenegro’s Supreme Court is expected to rule by the end of this month on possible legal violations in the extradition case of Terraform Labs founder Do Kwon. pic.twitter.com/rPjxFRlYVW — Qingshu (@aftnkFGT) September 13, 2024

She suggested that the recent developments could have broader implications for judicial consistency and the perception of fairness in Montenegro’s legal system.

Vučković also indicated that the Supreme Court has been unable to schedule a session to deliberate on the prosecutor’s request due to what she described as “objective reasons,” further complicating the timeline for a final decision.

“That should worry us, because it creates additional legal uncertainty for citizens, but also for judges of lower courts, who monitor judicial practice,” said the acting president.

FutureNet Scheme Co-Founder Arrested in Montenegro

In August, Montenegrin police arrested Roman Ziemian, co-founder of the crypto fraud scheme FutureNet, in Podgorica, where he had been living under a false identity.

Authorities seized items and electronic devices believed to be connected to Ziemian’s activities. He was set to appear before Podgorica’s High Court to determine whether he will be extradited to face charges abroad.

FutureNet, co-founded by Ziemian in 2018, marketed itself as a multilevel marketing platform with its crypto, FuturoCoin (FTO). In 2019, Polish authorities labeled the platform a potential pyramid scheme.

The scheme collapsed in 2020 after South Korean authorities investigated complaints from 950 people who reported significant financial losses. Ziemian, previously arrested in Italy, had escaped house arrest.