Montenegro Court Approves Extradition of Cryptocurrency King Do Kwon usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Do Kwon, wanted by both Seoul and Washington, is the former CEO of Terraform Labs, the company behind TerraUSD. It collapsed in 2022, roiling cryptocurrency markets.
A court in Montenegro said on Friday it had approved the extradition of cryptocurrency entrepreneur Do Kwon, leaving a minister to decide if he will be handed over to South Korea or the United States, which both want him. Do Kwon, who is charged in the U.S. with a multibillion-dollar fraud, and his ally were sentenced in June to four months in prison for using forged passports. Kwon's lawyers did not immediately respond to requests for comment when the U.S. charges were announced, but a spokesperson for the company he founded, Terraform Labs, said in July it would fight the "misguided and deeply flawed" U.S. allegations.
A Montenegrin court has approved the extradition of former crypto mogul Do Kwon, with a decision pending on whether he will be extradited to South Korea or.