Montenegro decides to extradite Do Kwon to South Korea in retrial
Terraform Labs co-founder Do Kwon's extradition retrial has concluded with the Montenegrin high court deciding to send him back to South Korea instead of the US. The decision is likely final, following multiple trials and appeals over the past year. The exact timeline for the extradition is unclear, but it is not expected to occur before March 23, as Kwon is serving a forgery sentence until then. Kwon was arrested in Montenegro last year for using a forged passport. He has been fighting against his extradition to the US, and on March 5, the Montenegro Court of Appeals revoked his extradition due to breaches of criminal procedure laws. Both US and South Korean authorities have sought Kwon's trial for his involvement in the collapse of Terra's algorithmic UST stablecoin, which resulted in losses of over $40 billion.
