Bloomberg: Montenegro's Prime Minister says the extradition procedures for Do Kwon to the United States have been completed

According to Bloomberg, Prime Minister Milojko Spajic of the Republic of Montenegro stated on Tuesday that Montenegro has completed the extradition procedures for Do Kwon, co-founder of Terraform Labs, to the United States. Spajic posted on platform X saying: "This extradition demonstrates our unwavering commitment to international justice and rule of law."

Do Kwon is facing charges in New York and Seoul due to the collapse of TerraUSD stablecoin worth $40 billion in 2022. Last year, he was arrested in Montenegro for traveling with a forged passport. In April this year, after a civil trial against allegations from the U.S. Securities and Exchange Commission (SEC), Terraform and its founder Do Kwon were found guilty of fraud. Terraform has agreed to pay $4.5 billion to settle with the U.S. Securities and Exchange Commission.