Montenegro: South Korea, US seek extradition of Do Kwon

Published March 29, 2023 6:04 am

By PREDRAG MILIC
Associated Press

PODGORICA, Montenegro (AP) — Montenegro says both South Korea and the United States have formally requested extradition 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 said Wednesday that Do Kwon and another citizens of South Korea remain in detention pending legal procedures against them. The two were arrested at the airport in Montenegro’s capital Podgorica last week on international arrest warrants. They are also facing legal proceedings in Montenegro over suspicion of possessing false documents.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.