Do Kwon’s U.S. Extradition Approved Amid Fraud Charges
Montenegro has approved the extradition of Terraform Labs co-founder Do Kwon to the United States, potentially resolving a dispute between the U.S. and South Korea over his custody. The decision marks a significant development in the case, which has been closely watched by the cryptocurrency community.
Extradition Decision Made by Montenegro’s Justice Ministry
The decision was announced by Montenegro’s Justice Ministry, which stated that “most criteria envisaged by the law are in favor of the extradition.” This move may bring an end to the tug-of-war between the U.S. and South Korea, both of which have been seeking Do Kwon’s extradition.
Background on the Case
Do Kwon is wanted in the U.S. on fraud charges related to his activities with Terraform Labs. The charges have been a subject of interest for the cryptocurrency community, with many following the case closely.
Next Steps
It is unclear when Do Kwon will be extradited to the U.S. or what the next steps will be in the case. However, the decision by Montenegro’s Justice Ministry is a significant step forward in the process.