Former Terraform Labs CEO Do Kwon may be on his way to the US, according to a report from the Wall Street Journal.

The Journal reports that Montenegro plans to extradite Kwon to the US rather than South Korea. Kwon faces charges in both countries.

Kwon has been held in prison in Montenegro since March after authorities alleged that he falsified travel documents. He was sentenced to four months in prison back in June. 

The US Securities and Exchange Commission has an open case against both Kwon and Terraform Labs, alleging the offer and sale of unregistered securities. South Korea charged Kwon with fraud and violations of the country’s capital markets laws. 

Both the company and Kwon…

Read more on Blockworks