Montenegro Confirms Extradition of Terraform Labs Founder Do Kwon to South Korea

The decision concludes a lengthy legal battle over the extradition of the cryptocurrency mogul, rejecting a concurrent U.S. request.

Montenegro's Appellate Court upheld the ruling to extradite Do Kwon to South Korea.
The decision follows multiple appeals and judicial reversals over several months.
Both South Korea and the U.S. sought Kwon's extradition for charges related to the $40 billion collapse of TerraUSD and Luna.
Kwon was arrested in Montenegro in March 2023 for using a fake passport.
No date has been set for Kwon's extradition to South Korea.