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International Business Times

Business

Marvie Basilan

Terra's Do Kwon 'Likely' To Be Extradited To South Korea

Do Kwon South Korea Crypto Terraform Labs Montenegro SEC the High Court United States

South Korean entrepreneur Do Kwon (C) founded Terraform Labs, whose remarkable implosion shook global crypto markets in 2022. (Credit: AFP)

KEY POINTS

South Korea's justice minister said the country was waiting for Montenegro to extradite Kwon
His lawyer said it was "likely" Kwon will be handed over to his home country
An appeals court reversed an earlier decision to get Kwon to the U.S.

The founder of bankrupt blockchain protocol and payment platform Terraform Labs, Do Kwon, will "likely" be extradited to South Korea after a Montenegro court overturned an earlier decision to extradite the disgraced crypto mogul to the United States.

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