Montenegro Court Approves Extradition of 'Cryptocurrency King' Do Kwon

Final decision on handover to South Korea or the U.S. awaits completion of Kwon's prison sentence for document forgery.

Do Kwon, the former CEO of Terraform Labs, has been approved for extradition by a court in Montenegro.
Kwon is charged in the U.S. with a multibillion-dollar fraud related to the collapse of the stablecoin TerraUSD.
Kwon and his ally were sentenced in June to four months in prison for using forged passports.
The final decision on whether Kwon will be handed over to South Korea or the United States will be made by the justice minister after Kwon completes his prison sentence.
Kwon was detained in late March along with Terraform Labs' former finance officer as they tried to board a flight to Dubai from Podgorica.