According to Bloomberg, Montenegrin Prime Minister Milojko Spajic stated on Tuesday that Montenegro has completed the extradition of Terraform Labs co-founder Do Kwon, handing him over to the United States. Montenegro described the extradition as a manifestation of respect for the rule of law. Do Kwon is facing dual charges in New York and Seoul for the $40 billion loss caused by the 2022 TerraUSD stablecoin collapse, having previously been arrested in Montenegro for using a forged passport.