International Extradition Agreement Reached: US Authorities Gain Access to Terraform Labs Founder

Terra (LUNA) Founder Do Kwon Set For US Extradition: Montenegro Minister Signs Order

Montenegrin authorities have issued an order allowing the extradition of Terraform Labs founder and former CEO, Do Kwon, to the United States. This decision comes after months-long legal battles between Montenegro, the United States, and South Korea regarding Kwon’s possible extradition.

In a recent statement, Montenegro’s Minister of Justice has revealed that they have officially signed an order approving the US authorities’ request for Kwon’s extradition. This move effectively puts an end to the ongoing negotiations and paves the way for Do Kwon’s transfer to the United States, where he is expected to face charges related to his alleged role in the collapse of TerraUSD (UST) and Luna (LUNA).

It’s worth noting that this decision comes as a surprise to many, particularly given South Korea’s failed attempts to extradite Kwon. The Minister of Justice reportedly rejected extradition requests from South Korea, citing insufficient evidence linking Kwon to any crimes committed within the jurisdiction.

The US authorities have been relentless in their pursuit of Kwon, with officials stating that they intend to charge him with fraud and other financial crimes. This news has sent shockwaves through the crypto community, with many wondering what implications this may have on Kwon’s potential legal repercussions.

As the situation unfolds, it appears that Do Kwon will be transferred to the United States to face charges linked to his alleged involvement in one of the most significant collapses in crypto history.

Source: bitcoinist.com