Terraform Labs Co-Founder Do Kwon to Face Extradition to U.S. Over Criminal Charges
Summary:
Do Kwon, co-founder of Terraform Labs, is set to be extradited to the U.S., not South Korea, to face criminal charges, according to sources cited in a Wall Street Journal report. Arrested for falsifying travel documents in Montenegro, Kwon also faces charges in the U.S. and South Korea over his alleged role in the collapse of his company. The Justice Minister in Montenegro is expected to approve the extradition request soon.
The co-founder of Terraform Labs, Do Kwon, is set to be extradited to the United States, instead of South Korea, to face criminal allegations. An article published in the Wall Street Journal on December 7, based on insider information, revealed that the Minister of Justice in Montenegro, Andrej Milovic, is preparing to approve the extradition request from U.S. authorities. Kwon got into legal trouble in Montenegro in March when he was accused of falsifying travel documents, resulting in a four-month jail term. However, accusations mounted in the U.S. and South Korea pertaining to his supposed involvement in Terraform Labs' failure. The public will be informed about the procedure soon, per Milovic. As more details surface, they will be incorporated into this ongoing story.
Published At
12/7/2023 7:12:14 PM
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