US to Contest Kwon Extradition to South Korea in Crypto Case (1)

Prosecutors in the US will continue to seek extradition of former cryptocurrency mogul Do Kwon despite a ruling by Montenegro’s High Court to hand him over to his native South Korea to face charges over the $40 billion collapse of the TerraUSD stablecoin in 2022.

“The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law,” the Justice Department said in a statement Thursday. “The United States appreciates the cooperation of the Montenegrin authorities in ensuring that all individuals are subject to the rule of law.”

Do Kwon in Seoul in April 2022.

Photographer: Woohae Cho/Bloomberg

The court decision is the ...