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Title: Montenegro’s Justice Minister signs order to extradite Do Kwon to US
Montenegro’s Justice Minister has signed an order to extradite Terraform Labs co-founder and former CEO Do Kwon to the United States. This development comes as controversy surrounds Kwon’s potential extradition, with allegations of corruption mired in the process.
As previously reported, Tai Mo Shan accused Do Kwon of manipulating the TerraUSD (UST) peg, with some even suggesting that Kwon was masking true support behind the stability of UST. The situation has taken a dramatic turn as Montenegro’s Justice Minister has now signed an order to extradite Kwon to the US.
The controversy surrounding Kwon’s potential extradition stems from allegations of corruption. In a shocking twist, Montenegro’s former Justice Minister Andrej Milović called on the US government to pressure Prime Minister Dritan Abazović to ensure a comprehensive investigation into Terra’s collapse. The former minister’s demands have sparked a heated debate over the integrity of the extradition process.
Meanwhile, it has been reported that Terraform Labs secured court approval to wind down operations after settling with the SEC (Securities and Exchange Commission). This move marks a significant step in the company’s bankruptcy proceedings, allowing them to focus on winding down its business and settling debts.
Source: cryptoslate.com
