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Montenegro Appeals Court Upholds Extradition of Terraform Labs Founder Do Kwon to South Korea

20/03 22:49

According to CoinDesk, a Montenegro appeals court has rejected Terraform Labs founder Do Kwon's bid to reverse a ruling approving his extradition to South Korea. The decision comes after a high court in the Balkan nation ruled earlier this month that Kwon can be extradited to face criminal charges related to the collapse of his multi-billion dollar crypto enterprise in May 2022. Kwon's attorney, Goran Rodic, stated that the extradition is now final and neither the U.S. nor Kwon can further appeal the decision. However, there is no timeline yet for when the extradition might take place. The U.S. Department of Justice (DOJ) is also seeking Kwon's extradition and has said it will appeal Montenegro's decision to send him to South Korea. Kwon was arrested in Montenegro and charged with carrying falsified official documents. He had previously successfully appealed high court decisions approving his extradition to the U.S. The appeals court rejected previous extradition decisions by the high court, stating that the extradition requests approved were not legally sound. The DOJ has stated that it will continue to seek Kwon's extradition to the U.S.

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