PODGORICA, Montenegro (AP) — Montenegro on Tuesday extradited a South Korean mogul known as “the cryptocurrency king” to the United States, following a decision of its justice ministry earlier this month to accept a U.S. request, while refusing a South Korean handover plea, the Balkan country’s authorities said.

Do Kwon, the former CEO of Terraform Labs, which collapsed in 2022, was handed over on Tuesday to U.S. authorities by Montenegro, where he was arrested in March 2023, the Associated Press reported. In 2023,