Montenegro’s Minister of Justice announced a decision to permit Do Kwon, the South Korean co-founder of Terraform Labs, to face extradition to the United States over his alleged role in the $40 billion collapse of the TerraUSD-Luna algorithmic stablecoins.

Montenegro has approved the extradition of a South Korean mogul known as “the cryptocurrency king” to the United States, the Balkan country's Justice Ministry said on Friday.Minister Bojan Bozovic has issued a deposition allowing the handover of Do Kwon,

Montenegrin Justice Minister Bojan Bozovic has ordered the extradition of Terraform Labs co-founder Do Kwon, also wanted by South Korea, to the United States, the ministry said on Friday.