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.
(Reporting by Stevo Vasiljevic, writing by Daria Sito-Sucic; editing by Gareth Jones)
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