Montenegro's government has given the green light for the extradition of Do Kwon, co-founder of Terraform Labs, to the United States, as reported by Bloomberg . This decision marks a significant milestone in the pursuit of justice for Kwon's alleged role in the catastrophic collapse of the Terra-LUNA ecosystem, which wiped out a staggering $40 billion in investor funds .
Kwon, a South Korean citizen, has been on the run since the Terra-LUNA crash in May 2022. He was eventually arrested in Montenegro in March 2023, while attempting to flee using forged travel documents ³. With this extradition approval, Kwon will soon face federal fraud charges in the United States, bringing him one step closer to accountability for his actions.