Terraform Labs Founder Do Kwon to Be Extradited to U.S. From Montenegro

Do Kwon, founder and former CEO of Terraform Labs, will be extradited to the United States to face fraud charges, according to a report in the Montenegrin newspaper Pobjeda, following a new Montenegrin High Court ruling. The Court of Appeals had earlier reversed a High Court decision, citing unclear wording and missing justifying facts, and returned the matter to the High Court to decide between extradition to the U.S. or South Korea. Kwon and former CFO Han Chang-Joon were arrested in Podgorica in March 2023 while trying to board a plane to Dubai with falsified travel documents. Kwon faces criminal charges from the U.S. Department of Justice and civil charges from the SEC.