Montenegro has completed the extradition of Terraform Labs co-founder Do Kwon to the United States, Prime Minister Milojko Spajic said on Tuesday. "This extradition demonstrates our unwavering commitment to international justice and the rule of law," Spajic wrote on the X platform.
Do Kwon faces prosecution in New York and Seoul for the collapse of the $40 billion TerraUSD stablecoin in 2022. Last year, he was arrested in Montenegro for traveling on a forged passport. In April, Terraform and its founder Do Kwon were convicted of fraud after a civil trial over charges by the U.S. Securities and Exchange Commission (SEC). Terraform has agreed to pay $4.5 billion to settle with the SEC. (Bloomberg)