Montenegro's Justice Minister signs order to extradite #DoKwon to the US.
Minister Bojan Bozokiv signed the verdict on December 27, ending the lingering decision. Notably, the US and South Korea keenly contested the extradition of the embattled Terra boss, seeking to prosecute him for his alleged involvement in the notorious 2022 Terra implosion.
For context, the Terra ecosystem tumbled in 2022, wiping out billions of dollars from the cryptocurrency market. Its native token, LUNA, crashed from over $100 to almost nothing after the algorithmic stablecoin TerraUSD depegged from the dollar valuation.
Following the over $40 billion crypto wipeout, Do Kwon took to his heels, escaping to Serbia before moving into Montenegro. In March 2023, the Montenegro police force arrested his partner, Han Cheng Jun, in Podgorica airport. They attempted to flee the country to Dubai.
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