Former Terraform Labs CEO set to be extradited to the US after a private comment by Montenegro’s Justice Minister.
Do Kwon is currently facing extradition to both the US and South Korea after being charged with multiple counts including fraud.
Do Kwon, a South Korean national and the former CEO of Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in 2022 to send the entire crypto market plummeting, was arrested In March this year. He was detained with the former finance officer for Terraform Labs Han Chang-joon at the airport in Podgorica, the capital of Montenegro when boarding a flight to Dubai.
Authorities found forged Costa Rican passports on them together with Belgian passports, laptops, etc. Do Kwon and his former colleague were then placed in a 30-day pre-trial detention.
In one of the court hearings, Do Kwon dropped the request to check the authenticity of the Costa Rican passports. Interestingly, Interpol had already confirmed it to be fake.
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