Montenegro: South Korea, US Seek Extradition of Do Kwon

Montenegro: South Korea, US Seek Extradition of Do Kwon
Montenegrin police officers escort an individual who is believed to be one of the most wanted fugitives, South Korean citizen, Terraform Labs founder Do Kwon in Montenegro's capital Podgorica on March 24, 2023. Risto Bozovic/AP Photo
The Associated Press
Updated:

PODGORICA, Montenegro—South Korea and the United States have requested the extradition from Montenegro of Terraform Labs founder Do Kwon, who is wanted in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, Montenegro’s justice minister.

Do Kwon and another South Korean citizen were arrested in Montenegro last week on international arrest warrants. A court in the small European country ordered the two detained for 30 days for legal proceedings, Justice Minister Marko Kovac said Wednesday.