Do Kwon to Be Extradited to South Korea, Montenegro Court Decides

The decision comes after a legal battle over the 'cryptocurrency king's' extradition, with South Korea prevailing over the U.S. request.

A Montenegro appeals court confirmed the extradition of Do Kwon, known as the 'cryptocurrency king,' to South Korea, rejecting his appeal.
Both South Korea and the U.S. had requested Kwon's extradition, but the court favored South Korea over the U.S.
Kwon faces charges related to the collapse of Terraform Labs' cryptocurrency, which led to a $40 billion loss for investors.
Kwon was arrested in Montenegro using a fake Costa Rican passport and has served a prison term there.
There is no set timeline for Kwon's extradition to South Korea, as it will be coordinated by the justice ministries of Montenegro and South Korea.