Do Kwon set for extradition to South Korea after Montenegro court rejects appeal
The Montenegro Appellate Court rejected Do Kwon’s appeal on impending extradition to South Korea. Kwon was arrested last year following the collapse of Terra Luna and its stablecoin UST in 2022. Do Kwon, wanted for prosecution over his role in the implosion that sank Terra, will now be extradited to South Korea. Montenegro court rejects Kwon’s appeal Today, the Appellate Court of Montenegro declined Kwon’s appeal that sought orders quashing his extradition to South Korea. The appeal s court noted, according to an announcement on March 20, that its decision was final. He will not go to the United States or stay in Montenegro, where he was arrested in 2023. Rather, Kwon will now be deported to South Korea where he faces criminal charges in connection to the collapse of Terra LUNA and the algorithmic stablecoin Terra USD (UST). The $40 billion implosion resulted in a massive contagion across crypto, with crypto hedge fund Three Arro...