Disgraced crypto tycoon Do Kwon to be extradited to US

Author: Reuters
Published on: 2024-12-27 17:06:24
Source: Latest Technology News and Product Reviews | New York Post

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Montenegrin Justice Minister Bojan Bozovic has ordered the extradition of Terraform Labs co-founder Do Kwon, also wanted by South Korea, to the United States, the ministry said Friday.

A South Korean national, Kwon is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TrraUSD that collapsed in May 2022, roiling cryptocurrency markets.


Do Kwon
Terraform Labs founder Do Kwon will be extradited to the US. AP

He was arrested in March 2023 while attempting to leave Montenegro.

After the Supreme Court determined that all legal conditions were fulfilled to extradite Do Kwon, the justice ministry concluded that most legal criteria favored the US request so Bozovic signed a decree to send him to the United States, the ministry said in a statement.

Disclaimer: All rights are owned by the respective creators. No copyright infringement is intended.