Skip to Content

Montenegro appeals court overturns a decision to extradite Terraform Labs founder to the US

Associated Press

PODGORICA, Montenegro (AP) — An appeals court in Montenegro has overturned a ruling that Terraform Labs founder Do Kwon should be extradited to the United States to face fraud charges rather than to his native South Korea. The 32-year-old Kwon was arrested nearly a year ago in Montenegro on an international arrest warrant in connection with a $40 billion crash of Terraform Labs’ cryptocurrency. Both South Korea and the U.S. have requested Kwon’s extradition from Montenegro. The High Court in Montenegro decided last month to hand over Kwon to the U.S. But the Court of Appeals annulled the decision and on Tuesday ordered the lower court to repeat the process.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press


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