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Forex News

Montenegro says it extradites Terraform Lab co-founder to US

12/31/2024

Less than a minute

2024.12.31 07:14

PODGORICA (Reuters) – Montenegro on Tuesday extradited Terraform Labs co-founder Do Kwon to the United States, the interior ministry said.

© Reuters. FILE PHOTO: A police officer escorts Terraform Labs co-founder Do Kwon after he served a sentence for document forgery in Podgorica, Montenegro, March 23, 2024. REUTERS/Stevo Vasiljevic/File Photo

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.

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12/31/2024

Less than a minute