Do Kwon Faces Extradition to South Korea, Not United States, Montenegrin Court Rules
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Montenegro Appellate Court upholds ruling for Do Kwon's extradition. Terra-Luna collapse leads to over $40 billion in investor losses. Competing demands from the US and South Korea for Kwon's extradition. The downfall of TerraUSD (UST), an algorithmic stablecoin, and its sister token, LUNA, resulted in losses exceeding $40 billion for investors. This event prompted legal action against Do Kwon, co-founder of Terraform Labs, who fled his native South Korea. After Do Kwon was apprehended in Montenegro, both South Korea and the United States filed extradition requests. Recently, the Montenegro Appellate Court upheld a ruling to extradite Kwon to South
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