Fallen crypto mogul Do Kwon of Terraform Labs wants to avoid extradition to the United States and be sent to his native Korea, protesting a Montenegrin court s decision to leave the door wide open for potential extradition to the U.S.
Montenegro authorities have extradited Han Chang-joon, the former chief financial officer of the now-defunct cryptocurrency firm Terraform Labs, to South Korea. Catch up: Han was arrested alongside Terraform Labs founder Do Kwon, whose real name is Kwon Do-hyung, at the Podgorica Airport in Montenegro on March 23, 2023, for carrying forged passports while attempting to travel to Dubai. In June, they were sentenced to four months in prison, which was later extended by two months.
A court in Montenegro's capital, Podgorica, has approved the extradition of Do Kwon, a South Korean entrepreneur known as the "Cryptocurrency King" who is wanted in both the United States and South Korea for his alleged role in the loss of investments worth more than $40 billion.