The Minister of Justice of Montenegro has approved the extradition of Do Kwon, founder of Terraform Labs, to the United States following an official request and a thorough legal review. This decision, favoring the U.S. over South Korea, reflects the gravity of the charges and the scope of jurisdiction. Kwon, arrested in March 2023 for attempting to leave Montenegro with a forged passport, had previously served a four-month prison sentence for forgery. His extradition aligns with ongoing investigations into the collapse of TerraUSD and Luna in May 2022, which triggered $40 billion in losses and significant disruption in the cryptocurrency industry. U.S. authorities allege that Kwon misled investors and concealed substantial assets, underscoring the international legal collaboration in addressing financial misconduct. Kwon is currently awaiting the execution of extradition procedures

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