Terraform Labs' Do Kwon set to be extradited to the U.S., according to local media

Quick Take

  • The High Court in Podgorico made the decision to extradite Kwon to the U.S. and rejected South Korea’s request to extradite the former executive, according to local media site Pobjeda.

Terraform Labs co-founder Do Kwon will be headed to the U.S. where he faces fraud charges linked to devastating losses for U.S. investors tied to an algorithmic stablecoin. 

The High Court in Montenegro made the decision to extradite Kwon to the U.S. and rejected South Korea's request to extradite the former executive, according to local media site