Do Kwon’s Extradition to U.S. Confirmed by Court

Do Kwon, co-founder of Terraform Labs, is set to be extradited to the United States, overruling a previous request for his return to South Korea. The High Court of Podgorica’s decision came after careful consideration, signaling a significant turn in the ongoing saga of the Terraform Labs controversy.

Kwon, apprehended in Montenegro using falsified documents in March 2023, has been at the center of a whirlwind of legal proceedings since Terra’s dramatic collapse in May 2022. His arrest shed light on his elusive movements post-Terra’s downfall.

While the exact date of Kwon’s extradition remains uncertain, this latest ruling underscores the intensifying legal scrutiny he faces. Charged with fraud in the United States, Kwon’s impending transfer marks a critical juncture in this high-stakes legal drama that has gripped the crypto world.