Montenegro court clears Do Kwon’s extradition, fate in justice minister’s hands
A Montenegro court has approved the extradition of Terraform Labs co-founder Do Kwon, less than a week after the Supreme Court of Montenegro invalidated a previous ruling due to procedural flaws. The Supreme Court stated that the decision on Kwon's final destination is the responsibility of the Justice Minister, Andrei Milovic, not the Podgorica Court. The Podgorica High Court confirmed that legal requirements for Kwon's extradition to either South Korea or the United States had been met. Kwon became an international fugitive in 2022 after his firm's algorithmic stablecoin UST collapsed, wiping over $40 billion from the crypto market and leading to accusations of fraud. He has been in Montenegrin custody following his arrest for using fake travel documents. A Manhattan jury recently found Kwon and Terraform Labs guilty of defrauding investors during the TerraLUNA collapse.
