Do Kwon, the co-founder of Terraform Labs, who has been residing in Montenegro since his arrest in March 2023, is reportedly set to be extradited to the United States to face charges related to financial fraud.
The decision comes after the Podgorica High Court announced that it will honor the US prosecution’s request to try Do Kwon for criminal offenses committed in the field of financial operations.
Montenegrin Court Rejects South Korea’s Extradition Request
The Montenegrin news outlet Pobjeda reported on Wednesday that the court rejected South Korea’s extradition request, paving the way for Do Kwon’s extradition to the United States.
The Court of Appeal intervened and directed the High Court to determine whether Do Kwon should be extradited to South Korea or the United States, as requested by the respective countries.
Previously, the High Court had acknowledged that the conditions for Do Kwon’s extradition were satisfied and left the decision to the Minister
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