SARAJEVO (Reuters) – Montenegrin Justice Minister Bojan Bozovic has ordered the extradition to america of Terraform Labs co-founder Do Kwon, additionally wished by South Korea, the ministry stated on Friday.
A South Korean nationwide, Kwon is the previous CEO of South Korea-based Terraform Labs, the corporate behind the TrraUSD stablecoin that collapsed in Could 2022, upending cryptocurrency markets.
He was arrested in March 2023 whereas making an attempt to depart Montenegro.
After the Supreme Court docket decided that every one authorized necessities had been met to extradite Do Kwon, the Justice Division concluded that a lot of the authorized standards favored the U.S. request. Bozovic subsequently signed a decree to ship it to america, the ministry stated in a press release.
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