PANews reported on October 18 that according to Cryptoslate, Montenegrin Minister of Justice Bojan Božović confirmed that a decision had been made to extradite Terraform Labs co-founder Do Kwon, and the extradition agreement would be signed before the end of this week. The decision was made after a long and controversial legal process that lasted for several months. Božović did not provide further comments on the details of the case, nor did he disclose where Kwon would be extradited. He said: "As Minister of Justice, I have no other comments except what the Supreme Court has already ruled."
Do Kwon's legal troubles in Montenegro began in March 2023, when he and Terraform CFO Han Chang-joon were arrested at Podgorica Airport for attempting to use forged documents. The two were sentenced to prison in Montenegro but remain at the center of an international extradition request as they fight charges in Montenegro for their roles in the 2022 collapse of TerraLUNA, which resulted in losses of more than $40 billion. Han Chang-joon was extradited to South Korea in early 2024 after serving his sentence.
