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Do Kwon, co-founder of the bankrupt Terraform Labs and a key figure in the collapse of cryptocurrencies Terra and Luna, is expected to be extradited to South Korea Montenegro’s High Court said former cryptocurrency mogul Do Kwon should be handed over to his native South Korea rather than the US for prosecution over the US$40 In a dramatic turn of events, a Montenegrin judge has ruled that Do Kwon, the founder of the now-collapsed crypto project Terra, will be extradited to South Korea after Do Kwon, a co-founder of Terraform Labs, can be extradited to South Korea to face criminal charges concerning the May 2025 collapse of his multibillion-dollar crypto Following a change in the court, Terraform Labs co-founder Do Kwon will be extradited to South Korea. Indeed, a Montenegro court ruled on Thursday that Do Kwon will no Terraform Labs co-founder Do Kwon will be extradited to his native South Korea, the Montenegro Appellate Court said in a news release. The decision upholds a Terra founder Do Kwon will be extradited from Montenegro to South Korea to face criminal charges over the collapse of his crypto enterprise after March 23, his lawyer told

Do Kwon Extradition: Terra Founder to Face Charges in South Korea

In a landmark decision, Terra founder Do Kwon will be extradited to South Korea to face criminal charges related to the dramatic collapse of his crypto empire. After a prolonged legal battle, a Montenegro court ruled on Thursday that Do Kwon will – according to a news release from the Montenegro Appellate Court – be extradited to his native South Korea.

This development marks a significant turning point in the ongoing saga surrounding the collapse of Terra and Luna, cryptocurrencies that wiped out billions of dollars in investor wealth. Do Kwon, co-founder of the bankrupt Terraform Labs and a key figure in the collapse of cryptocurrencies Terra and Luna, is expected to be extradited to South Korea to answer for his role in the devastating events of May 2025.

The decision comes after a period of legal uncertainty, with both South Korea and the United States vying for Kwon's extradition. Indeed, Montenegro’s High Court said former cryptocurrency mogul Do Kwon should be handed over to his native South Korea rather than the US for prosecution over the US$40 billion collapse. A Montenegrin judge has ruled that Do Kwon, the founder of the now-collapsed crypto project Terra, will be extradited to South Korea. While the US also sought extradition, the court ultimately sided with South Korea.

Do Kwon, a co-founder of Terraform Labs, can be extradited to South Korea to face criminal charges concerning the May 2025 collapse of his multibillion-dollar crypto enterprise. His lawyer confirmed that Terra founder Do Kwon will be extradited from Montenegro to South Korea to face criminal charges over the collapse of his crypto enterprise after March 23.

The charges Kwon faces are expected to include fraud and securities violations. Following a change in the court, Terraform Labs co-founder Do Kwon will be extradited to South Korea. The extradition process is expected to take place after March 23, as stated by Kwon's legal representative. This ruling marks a crucial step towards holding Kwon accountable for the consequences of the Terra/Luna crash and providing some measure of justice to the affected investors.

This is a developing story, and we will continue to provide updates as they become available.

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