Montenegro said on Tuesday it completed the extradition of crypto mogul Do Kwon to the United States, Prime Minister Milojko Spajic said.

Montenegro extradited crypto mogul Do Kwon to the U.S. after rejecting South Korea's request. Kwon, founder of Terraform Labs, faces U.S. fraud charges tied to a $40 billion crypto crash that hurt investors globally.

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.