Terra’s Do Kwon to Be Extradited to South Korea Instead of US, Montenegro Court Rules
- Montenegro court decision comes after ruling for US was tossed
- Kwon faces charges in both NY and Seoul over Terra collapse
Do Kwon
Photographer: Woohae Cho/BloombergThis article is for subscribers only.
Montenegro’s High Court said former cryptocurrency mogul Do Kwon should be handed over to his native South Korea rather than the US for prosecution over the $40 billion collapse of the TerraUSD stable-coin in 2022.
It’s the latest twist in the legal journey for the Terraform Labs Pte co-founder, who was a fugitive from South Korean charges for months before he was arrested in Montenegro in March 2023 for traveling on a fake passport. Kwon’s arrest set off dueling extradition requests by prosecutors in Seoul and New York.