FILE PHOTO: Police officers escort Terraform Labs co-founder Do Kwon after he served a sentence for document forgery, in Podgorica, Montenegro, March 23, 2024. REUTERS/Stevo Vasiljevic/File Photo
SARAJEVO (Reuters) -Montenegrin Justice Minister Bojan Bozovic has ordered the extradition of Terraform Labs co-founder Do Kwon, also wanted by South Korea, to the United States, the ministry said on Friday.
A South Korean national, Kwon is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TrraUSD that collapsed in May 2022, roiling cryptocurrency markets.
He was arrested in March 2023 while attempting to leave Montenegro.
After the Supreme Court determined that all legal conditions were fulfilled to extradite Do Kwon, the justice ministry concluded that most legal criteria favoured the U.S. request so Bozovic signed a decree to send him to the United States, the ministry said in a statement.
(Reporting by Daria Sito-Sucic; Editing by Kevin Liffey)
