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Crypto Fugitive Do Kwon Faces US and South Korean Charges. Who Gets Him First?

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.

“Consideration will be given to the gravity of crimes, location of committed offenses, sequence of requests, as well as citizenship” of the suspects, Kovac said. He also said Kwon might need to serve time in Montenegro, where he was arrested for traveling on fake documents, before he’s extradited anywhere. 

Do Kwon South Korean
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