A court in the Balkan country of Montenegro has ruled that Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, should be extradited to the United States to face fraud charges rather than to his home country, Korea, The Wall Street Journal reported Wednesday.
A court in Montenegro has ruled for the extradition of cryptocurrency entrepreneur Kwon Do-hyung, widely known as "crypto king" Do Kwon, to the United States, according to The Wall Street Journal. Despite Kwon s defense advocating for transfer to his home country of South Korea, the Montenegro court has rejected the plea. Both the US and South Korea have sought his extradition. Kwon s legal team now has a t.
Terraform Labs co-founder Do Kwon, who was apprehended in Montenegro over his alleged involvement in a $40 billion cryptocurrency fraud, is slated for extradition to the United States where he could potentially face a more severe sentence compared to what he might receive in Korea.
A court in Montenegro has ruled that Terraform Labs founder Do Kwon should be extradited to the United States to face fraud charges rather than to his native South Korea