According to Bloomberg, despite the ruling of the Montenegrin High Court allowing the extradition of Do Kwon, co-founder of Terraform Labs, to South Korea to face charges related to the collapse of the stablecoin TerraUSD (UST) causing losses of $40 billion in 2022, US prosecutors will continue to seek the extradition of Do Kwon.
In a statement on Thursday (7th), the US Department of Justice said:
This ruling is a victory for Do Kwon, as his lawyer had expressed a desire for him to be extradited to Korea. The Korean Ministry of Justice stated through a message that they have not yet received a formal notification from Montenegro. Once they receive the relevant documents, the Ministry of Justice will take necessary measures in collaboration with Montenegrin authorities.
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