According to Foresight News, Bloomberg reported that Montenegrin Prime Minister Milojko Spajic said on Tuesday that Montenegro has completed the extradition of Terraform Labs co-founder Do Kwon and handed him over to the United States. He posted on the X platform: "This extradition demonstrates our firm commitment to international justice and the rule of law."
Do Kwon is currently facing dual prosecution in New York and Seoul for the 2022 TerraUSD stablecoin crash that caused $40 billion in losses. He was previously arrested in Montenegro for using a forged passport. In April this year, Terraform Labs and Do Kwon were convicted of fraud in a civil lawsuit filed by the U.S. Securities and Exchange Commission (SEC), and Terraform has agreed to pay a $4.5 billion settlement.