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International Business Times
International Business Times
Business
AFP News

Montenegro To Extradite Crypto Entrepreneur Do Kwon To US

Do Kwon's 'stable coin' cryptocurrency TerraUSD was not stable in the end, wiping out about $40 billion of investors' money and shaking global crypto markets (Credit: AFP)

Montenegro announced on Friday that it would extradite South Korean cryptocurrency entrepreneur Do Kwon to the United States, following a year and a half of dizzying court rulings and subsequent reversals over his removal.

For months, Seoul and Washington have been seeking the South Korean's extradition for his suspected role in a fraud linked to the collapse of his company Terraform Labs, which wiped out about $40 billion of investors' money and shook global crypto markets.

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