A cryptocurrency mogul arrested in Montenegro faces extradition to South Korea after a court ruling

A Montenegrin court has ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year. The High Court handed down the ruling on Thursday, just days after an appeals court overturned its previous decision to extradite Kwon to the United States. Kwon, 32, was apprehended on an international arrest warrant in connection with a $40 billion crash of Terraform Labs’ cryptocurrency, which devastated retail investors around the world. Both South Korea and the U.S. have requested Kwon’s extradition from Montenegro.