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Bangkok Post
Bangkok Post
Business

US and Korea seek extradition of crypto fugitive

Do Kwon Kwon Dohyung United States Crypto Montenegro Podgorica South Korea Cryptocurrency Interpol The United States
Terraform Labs founder Do Kwon is taken to court after being arrested at the airport in Podgorica, Montenegro on March 24. (Photo: AFP)

PODGORICA, Montenegro: The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said on Wednesday, just days after he was arrested in the Balkan nation.

The Terraform founder is facing mounting legal cases in both Seoul and Washington over his alleged role in fraud linked to his company's dramatic collapse last year, which wiped out about $40 billion of investors' money and shook global crypto markets.

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