Montenegro's Minister of Justice, Bojan Božović, said in a statement he approved the Terraform founder's extradition to the U.S. rather than South Korea.

Kwon faces charges in the US and South Korea after the TerraUSD stablecoin and its sister token Luna crashed in 2022, causing investors to lose $40 billion in the process. Both countries have issued extradition requests for Kwon,

South Korean cryptocurrency entrepreneur Do Kwon will be extradited to the United States from Montenegro over the collapse of two digital tokens - TerraUSD and Luna tokens. For months, the US and South Korea have been seeking Kwon's extradition,

Montenegro has approved the extradition of a South Korean mogul known as “the cryptocurrency king” to the United States.

Montenegro said Friday it will extradite to the United States the South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul for the multi-billion-dollar bankruptcy of his company, Terraform Labs.

Montenegrin Justice Minister Bojan Bozovic has ordered the extradition of Terraform Labs co-founder Do Kwon, also wanted by South Korea, to the United States, the ministry said on Friday.

Montenegro has approved the extradition of Do Kwon to the U.S over his involvement in the $40 billion collapse of Terraform Labs.

Montenegro’s Minister of Justice, Bojan Božović, approved the extradition of Terraform Labs co-founder Do Kwon to the United States

Montenegro's Justice Minister has approved the extradition of Terraform Labs co-founder Do Kwon to the U.S. He is also sought by South Korea. Kwon, linked to the collapse of stablecoin TerraUSD, was detained in March 2023.

Do Kwon, whose TerraUSD and Luna cryptocurrencies collapsed in a $40 billion crash in 2022, should be extradited to the U.S. rather than his native South Korea, according to a dec