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.

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,

Do Kwon loses appeal against U.S. extradition in Montenegro. The justice minister will make a final decision on extradition. Kwon faces fraud charges linked to

Montenegro has approved the extradition of Do Kwon to the U.S over his involvement in the $40 billion collapse of Terraform Labs.

Montenegro’s Constitutional Court has recently rejected an appeal by Korean cryptocurrency mogul Do Kwon against his extradition, as reported by Korea JoongAng Daily. This decision unanimously upheld an earlier court ruling,

South Korea and the US have squabbled over who will get to prosecute Kwon since the fugitive was arrested in Montenegro last year.