Do Kwon Appeals Extradition Decision
The co-founder of Terraform Labs, Do Kwon, who is set to be extradited from Montenegro after December 15, has reportedly appealed against the court’s decision. This appeal comes as the crypto market tries to recover from the fallout of the Terra Luna collapse and Do Kwon faces an uncertain future.
Kwon’s Appeal and Extradition Orders
According to a Digital Assets report, Do Kwon has appealed against the High Court of Podgorica’s decision to extradite him, stating that he does not accept the court’s ruling. While his appeal means that authorities must reconsider the extradition decision, it is unlikely that there will be any reversal. A local journalist believes that Kwon will eventually be extradited to either Korea or the United States in January next year.
Custody Requests and Arrest
South Korea and US authorities have both requested custody of Do Kwon, but the final decision rests with Montenegrin authorities. Previously, Kwon expressed his willingness to be sent to South Korea. He had been evading international authorities since September 2022 until his arrest at Podgorica Airport on March 23.
Hot Take: Uncertain Fate for Do Kwon
The appeal by Do Kwon against his extradition shows his determination to fight against the court’s decision. However, it is unlikely that his appeal will lead to a reversal in the extradition orders. As he awaits his fate, Do Kwon’s empire remains in ruins after the collapse of Terra Luna, marking a significant event in the crypto industry. The outcome of his extradition case will have implications for both Do Kwon personally and the broader crypto community.
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