Do Kwon Extradition Approved by Montenegro

Montenegro's Justice Ministry has approved the extradition of Do Kwon, the founder of Terraform Labs, to the United States, following a lengthy legal battle over his extradition requests from both the U.S. and South Korea. Justice Minister Bojan Bozovic's decision came after Montenegro's Supreme Court ruled that extradition conditions were met, with legal factors currently favoring the U.S. Kwon faces serious fraud charges linked to the catastrophic $40 billion collapse of his cryptocurrency firm, which significantly affected global investors. His defense team claims the extradition decision was made under questionable circumstances, highlighting previous rulings favoring South Korea. Kwon was arrested in Montenegro while attempting to flee using fake passports and has already served time for passport fraud. The situation remains fluid as Kwon's legal team prepares to contest the extradition, raising questions about the final outcome of this high-profile case.