Montenegro court approves extradition of 'cryptocurrency king' Do Kwon

FILE PHOTO: Do Kwon, the cryptocurrency entrepreneur, who created the failed Terra (UST) stablecoin, is taken to court in Podgorica, Montenegro, March 24, 2023. REUTERS/Stevo Vasiljevic/File Photo

SARAJEVO (Reuters) - A court in Montenegro said on Friday it had approved the extradition of cryptocurrency entrepreneur Do Kwon, leaving a minister to decide if he will be handed over to South Korea or the United States, which both want him.

Do Kwon, who is charged in the U.S. with a multibillion-dollar fraud, and his ally were sentenced in June to four months in prison for using forged passports.