Montenegro’s High Court extended the detention period for Terraform Labs co-founder Do-do Kwon by two months at the request of the United States and South Korea. Kwon, who is wanted in connection with the 2022 collapse of the stablecoin TerraUSD, was scheduled to be released from custody on Friday. The court ruled last month that Mr. Kwon’s extradition was possible, but his lawyer appealed the ruling. Montenegro’s Justice Minister will make the final decision on which country to send Mr. Kwon to.
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