Crypto Fugitive Do Kwon Faces US and South Korean Charges. Who Gets Him First?
- Terra stablecoin creator is currently in jail in Montenegro
- US and South Korea both say they’ll seek Kwon’s extradition
This article is for subscribers only.
Terraform Labs Pte co-founder Do Kwon is in a jail in Montenegro, but his ultimate destination will likely be the US or South Korea. Both countries have charged him in connection with an alleged cryptocurrency fraud that wiped out $40 billion in market value.
But which country will get first crack at the TerraUSD creator? US and South Korean prosecutors have both said they will request Kwon’s extradition. Montenegro’s justice minister, Marko Kovac, said Wednesday a judge would decide how to proceed.