Former Terraform Labs CEO won’t be extradited to US, South Korea yet: Bloomberg

Montenegro is slowing its roll on extraditing former Terraform Labs CEO Do Kwon, according to Bloomberg.

Last week, the Wall Street Journal reported that Montenegro planned to extradite the former executive to the United States over his home country, South Korea. Kwon faces charges in both countries. 

The extension, Bloomberg reported, came at the request of both the US and South Korea. A court in Podgorica ruled that the term in custody would be extended to February. Without an extension, the term would have ended Friday.

Kwon has been in Montenegro since March, when he was first arrested for allegedly using falsified paperwork. He was sentenced to prison in June.

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