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The Independent UK

National

Predrag Milic

Montenegro: South Korea, US seek extradition of Do Kwon

Do Kwon Montenegro South Korea United States Terraform Terraform Labs Cryptocurrency The United States

Copyright 2023 The Associated Press. All rights reserved

South Korea and the United States have requested the extradition from Montenegro of Terraform Labs founder Do Kwon, who is wanted in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, Montenegro's justice minister said Wednesday.

Do Kwon and another South Korean citizen were arrested in Montenegro last week on international arrest warrants. A court in the small European country ordered the two detained for 30 days for legal proceedings, Justice Minister Marko Kovac said.

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