Montenegro says it extradites Terraform Lab co-founder to US

PODGORICA (Reuters) - Montenegro on Tuesday extradited Terraform Labs co-founder Do Kwon to the United States, the interior ministry said.



Kwon, a South Korean national, is the former CEO of South Korea-based Terraform Labs, the company behind the TerraUSD, a "stablecoin" designed to maintain a constant $1 price, which collapsed in May 2022, roiling cryptocurrency markets.

Kwon is also wanted by South Korea.

Source: Investing.com