Security News > 2023 > November > Crypto crasher Do Kwon's extradition approved, but destination is unclear

Terraform Labs founder Do Kwon - a wanted man in both South Korea and the United States - will soon face extradition from Montenegro after a court gave approval for his removal.

The High Court in Podgorica last Friday announced it had "Determined that the legal requirements for the extradition of the accused KDH have been met, at the request of South Korea and the United States of America."

The court said Do Kwon has given consent to be extradited to South Korea under a shortened procedure, but the decision about his destination will be made by Montenegro's minister of justice.

Kwon's whereabouts remained unknown after he left Singapore in September 2022.

After Kwon's arrest at the Montenegro airport, the US District Court in Manhattan filed an eight-count indictment that included conspiracy to defraud, commodities fraud, securities fraud, wire fraud and conspiracy to engage in market manipulation.

Kwon and his buddies are charged with "Orchestrating a multi-billion-dollar crypto asset securities fraud."

News URL

https://go.theregister.com/feed/www.theregister.com/2023/11/27/do_kwon_extradition_approved/