Skip to Content
AP-National

A cryptocurrency mogul arrested in Montenegro faces extradition to South Korea after a court ruling

By
Published 8:29 AM

By PREDRAG MILIC
Associated Press

POGORICA, Montenegro (AP) — A Montenegrin court has ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year. The High Court handed down the ruling on Thursday, just days after an appeals court overturned its previous decision to extradite Kwon to the United States. Kwon, 32, was apprehended on an international arrest warrant in connection with a $40 billion crash of Terraform Labs’ cryptocurrency, which devastated retail investors around the world. Both South Korea and the U.S. have requested Kwon’s extradition from Montenegro.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

Related Articles

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content