Montenegro says it extradites Terraform Lab co-founder to US
ReutersDec 31, 2024 11:49 AM
PODGORICA, Dec 31 (Reuters) - Montenegro on Tuesday extradited Terraform Labs co-founder Do Kwon to the United States, the interior ministry said.
Kwon, a South Korean national, is the former CEO of South Korea-based Terraform Labs, the company behind the TerraUSD, a "stablecoin" designed to maintain a constant $1 price, which collapsed in May 2022, roiling cryptocurrency markets.
Kwon is also wanted by South Korea.
(Reporting by Stevo Vasiljevic, writing by Daria Sito-Sucic
editing by Gareth Jones)
((daria.sito-sucic@thomsonreuters.com; +38733 295 484; Reuters Messaging: daria.sito-sucic.thomsonreuters.com@reuters.net))
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