Categories: Forex News

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.

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.

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