Montenegro Court Rules to Extradite Terraform Labs Founder to the US
Published on February 23, 2024
PODGORICA, Montenegro—A court in Montenegro has ruled that Terraform Labs founder Do Kwon should be extradited to the United States to face fraud charges rather than to his native South Korea, a court official in the Balkan Country said Thursday. Kwon, 32, was arrested nearly a year ago in Montenegro on an international arrest warrant in connection with a $40 billion crash of Terraform Labs’ cryptocurrency, which devastated retail investors around the world. Both South Korea and the U.S. have requested Kwon’s extradition from Montenegro. High Court spokeswoman Marija Rakovic said Kwon’s lawyers have three days to appeal the ruling....