The co-founder and former CEO of Terraform Labs, Do Kwon, is set to be extradited to the U.S. to face criminal charges, according to sources familiar with the matter. Last month, it was reported that Kwon could be extradited to either the U.S. or South Korea, and the Montenegro High Court has now determined that the necessary legal conditions for extradition have been met. Kwon is currently imprisoned in Montenegro for traveling with forged documents.

Montenegro’s Justice Minister, Andrej Milovic, has privately expressed his intention to send Kwon to the U.S. to answer for his crimes, although no public statements have been made. Kwon had previously agreed to be extradited to South Korea, but the Court ruled that the Minister of Justice would decide his destination. Kwon has recently appealed his extradition.

Kwon has been under scrutiny from both U.S. and South Korean authorities for several months. He is facing serious allegations of fraud and securities-law violations related to the collapse of the Terra algorithmic stablecoin and its associated cryptocurrencies. These charges have resulted in significant losses for crypto investors.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇲🇪 🇺🇸
Sentiment	neutral
Relevance Score	1
People	Do Kwon
Companies	The Wall Street Journal, Terraform Labs, Montenegro’s Minister of Justice, U.S., Montenegro High Court
Currencies	TerraClassicUSD, TerraUSD
Securities	None