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Montenegrin authorities have apprehended Roman Ziemian , Co-Founder of the controversial crypto scheme FutureNet , on charges linked to a $21 million fraud. Ziemian was arrested in Podgorica, Montenegro’s capital, where he was allegedly living under a false identity. This development follows investigations and legal actions across multiple countries. Arrest Details and Charges On August 19, 2024, Montenegro’s Police Directorate announced the arrest of Roman Ziemian. The arrest followed an international warrant issued by South Korea and Poland, accusing Ziemian of fraud, money laundering, and theft. According to the police statement, Ziemian was found using a fake identity and had several items and devices seized that are believed to be connected to his alleged criminal activities. South Korean authorities have indicated that Ziemian could face life imprisonment if convicted. Ziemian’s legal troubles are compounded by his history with FutureNet, a company he co-f...

Terra founder Do Kwon has successfully appealed his extradition from Montenegro to the US or South Korea due to “significant violations” of criminal procedure from the Podgorica High Court. The court approved Kwon’s extradition on November 24, so long as he first served the remainder of his four-month prison sentence. Today’s announcement states Montenegro’s appeal court rejected this decision on December 14 after a successful appeal from Do Kwon’s legal team.  Do Kwon granted extradition, but to US or South Korea? Read more: Singapore rejects Do Kwon, Terraform Labs case dismissal According to translated court documents, the High Court judge failed to hear Do Kwon about extradition to the US, only hearing him with regards to South Korea’s request. Because of unclear reasoning and a lack of decisive facts regarding the legal prerequisites for extradition , the decision was annulled. As a result, the case has returned to the basic court for retrial. Do Kwon still fac...