Montenegro’s Minister of Justice, Bojan Božović, has approved the extradition of Terra founder Do Kwon to the United States, local news outlet Vijesti reports.
According to the announcement, authorities evaluated extradition requests from both the U.S. and South Korea based on several criteria, including the severity and location of the crime, the order of submission of official documents, and the possibility of further transfer of Kwon to another country.
“The Minister of Justice has made a decision allowing the extradition of Do Kwon to the U.S. while simultaneously rejecting the request from the Republic of Korea,” the statement reads.
On December 25, the court dismissed Kwon’s latest appeal to overturn the extradition. The final decision was left to Božović.
Previously, Kwon managed to challenge Montenegrin authorities’ decisions to extradite him, both to the U.S. and South Korea, on multiple occasions.
Kwon spent four months in a local prison on charges of using forged documents. In March 2024, he was released and transferred to an immigration center, where he is expected to remain until extradition or further developments.
In September, Montenegro arrested the co-founder of the cryptocurrency pyramid scheme FutureNet.
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