Do Kwon Arrest Has US, South Korea Jockeying Over Extradition

Terraform Labs Pte co-founder Do Kwon is in a jail in Montenegro, but his ultimate destination will likely be the US or South Korea. Both countries have charged him in connection with an alleged cryptocurrency fraud that wiped out $40 billion in market value.

But which country will get first crack at the TerraUSD creator? US and South Korean prosecutors have both said they will request Kwon’s extradition. Montenegro’s justice minister, Marko Kovac, said Wednesday a judge would decide how to proceed.

Do Kwon is taken to court in Podgorica, Montenegro, on March 24.

Photographer: Risto Bozovic/AP

“Consideration will be given to the gravity of crimes, location of committed offenses, sequence of requests, as ...