Montenegro says it extradites Terraform Lab co-founder to US


PODGORICA (Reuters) – Montenegro on Tuesday extradited Terraform Labs co-founder Do Kwon to the USA, the inside ministry stated.

© Reuters. FILE PHOTO: A police officer escorts Terraform Labs co-founder Do Kwon after he served a sentence for document forgery in Podgorica, Montenegro, March 23, 2024. REUTERS/Stevo Vasiljevic/File Photo

Kwon, a South Korean nationwide, is the previous CEO of South Korea-based Terraform Labs, the corporate behind the TerraUSD, a “stablecoin” designed to keep up a relentless $1 value, which collapsed in Might 2022, roiling cryptocurrency markets.

Kwon can also be wished by South Korea.

Leave a Reply

Your email address will not be published. Required fields are marked *