Montenegro's Minister of Justice, Bojan Božović, said in a statement he approved the Terraform founder's extradition to the U.S. rather than South Korea.

Montenegro has approved the extradition of a South Korean mogul known as “the cryptocurrency king” to the United States.

South Korean cryptocurrency entrepreneur Do Kwon will be extradited to the United States from Montenegro over the collapse of two digital tokens - TerraUSD and Luna tokens. For months, the US and South Korea have been seeking Kwon's extradition,