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Montenegro Justice Minister Signs Off on Do Kwon Extradition to the United States
In a significant development in the ongoing saga surrounding Terraform Labs’ co-founder and CEO Do Kwon, Montenegro’s Justice Minister has given the green light for his extradition to the United States. This latest turn of events marks a critical juncture in the long-running process that began after Kwon’s arrest in March 2023.
The impetus behind this decision is believed to be rooted in Kwon’s alleged role in the spectacular collapse of TerraUSD and Luna, which resulted in an estimated $40 billion loss across the cryptocurrency market. The catastrophic fallout led to a wave of insolvencies within the crypto space, causing widespread financial disruption.
Kwon’s flight from justice had him evade capture for nearly 18 months before his eventual apprehension by authorities in Montenegro. Since then, there have been various twists and turns as lawyers representing Kwon attempted to stall the extradition process through legal maneuvers.
The Justice Minister’s recent decision has set the stage for Kwon’s transfer from Montenegrin custody to US jurisdiction. This could ultimately culminate in criminal charges being brought against him by American authorities.
Source: coinjournal.net
