Crypto Founder Do Kwon to be Extradited to U.S.
Terraform co-founder faces fraud charges in the U.S. and Korea.
Do Kwon, 33, the co-founder of Terraform Labs, will be extradited to the U.S. for prosecution rather than his home country South Korea, according to the government of Montenegro.
Kwon faces criminal charges of fraud over the 2022 collapse of TerraUSD and Luna cryptocurrencies and is wanted by prosecutors in both the U.S. and Korea. Kwon was arrested in Montenegro last year while traveling using a fake passport.
Montenegro’s Justice Ministry announced the extradition decision on Friday, without specifying when the handover may take place.