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TerraUSD Creator Do Kwon Faces Potential US Extradition

Montenegro's Justice Minister Andrej Milovic to Decide on Extradition Amid Kwon's Appeal

  • Do Kwon, creator of TerraUSD, faces potential extradition to the United States from Montenegro, where he was arrested in March.
  • Both the U.S. and South Korea are seeking Kwon's extradition to prosecute him for alleged fraud and breaches of securities laws linked to the collapse of his digital currencies, TerraUSD and Luna.
  • Justice Minister Andrej Milovic in Montenegro has the final say on Kwon's extradition destination and is reportedly leaning towards the U.S.
  • Kwon's lawyers have launched a final attempt to appeal the extradition decision, with the Ministry of Justice slated to make a final decision by December 15.
  • Kwon and former Terraform Labs CFO Han Chong-joon were arrested for traveling with falsified travel documents while attempting to depart for Dubai.
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