After months of uncertainty, Do Kwon, co-founder and former CEO of Terraform Labs, was extradited from Montenegro to the United States. According to Vijesti, the transfer occurred on December 31 at the border gate of Podgorica Airport. Despite South Korea’s efforts to secure his arrest, Kwon was returned to the U.S.
As reported by Vijesti, the founder of Terraform Labs received support from NCB Interpol Podgorica during the extradition process. Interpol collaborated with the Montenegro Special Police Unit to complete the extradition. This movement marks the conclusion of a process that began on September 14, 2022.
The controversial extradition process concluded with the signing of extradition orders by the country’s Minister of Justice, Bojan Bozovic. The process regarding Kwon’s extradition, who was arrested in Montenegro in March 2023, continued through a series of court decisions.
Today, Montenegro completed the extradition of Do Kwon to face charges in the Terra/Luna case. Our country welcomes innovation and legitimate crypto entrepreneurs, but we have zero tolerance for fraud.
— Milojko Spajić (@MickeySpajic) December 31, 2024
Do Kwon was extradited to the U.S. based on a previously signed “extradition agreement” between the U.S. and Montenegro. No such agreement exists between South Korea and Montenegro.
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