According to Montenegro’s Supreme Court, the US and South Korea had both met the conditions for applying for Do Kwon’s extradition to face criminal charges.
Montenegro’s Ministry of Justice could decide whether to extradite Terraform Labs co-founder Do Kwon to the United States or South Korea after a decision from the country’s Supreme Court.
In a Sept. 20 notice, the Supreme Court of Montenegro said it had submitted Kwon’s case to the justice minister after ruling on a request for a protection of legality. According to the high court, South Korea and the US had met the conditions for applying for Kwon’s extradition from Montenegro to face criminal charges.
The Terra ecosystem collapsed in 2022, one of the first dominoes to fall in a series of bankruptcies affecting crypto firms, including Celsius, FTX, and BlockFi. US and South Korean authorities filed charges against Kwon and some of his associates for their alleged role in the platform’s downfall, but the Terraform co-founder’s whereabouts were largely unknown until he surfaced in Montenegro in 2023.
