Terraform Labs co-founder appeals against extradition decision
Terraform Labs co-founder Do Kwon is fighting against Montenegro’s ruling to extradite him to either the US or South Korea. This move requires the Montenegrin Court of Appeal to review his case and determine his destination before the December 15 deadline. Two weeks earlier, Montenegro’s High Court approved Do Kwon’s extradition without specifying the final decision to be made by the Montenegrin Minister of Justice. However, Do Kwon has expressed a preference for extradition to South Korea.
Do Kwon has appealed the extradition decision by the High Court in Montenegro’s capital, Podgorica. As a result of Do Kwon’s appeal, the Court of Appeal must review his extradition decision, but the chances of the court’s extradition decision being overturned are very slim.…
— Wu Blockchain (@WuBlockchain) December 6, 2023
Do Kwon sentenced to prison in Montenegro
Do Kwon was arrested and received a four-month prison sentence from a Montenegrin court after attempting to use a forged passport at Podgorica airport to board a flight to Dubai. Following his detention, both South Korean and U.S. authorities have actively pursued his extradition. The U.S. wants him on charges of securities fraud, wire fraud, commodities fraud, and conspiracy relating to the collapse of his company, TerraLabs, in 2022. He is accused of being the mastermind behind the collapse of TerraUSD and Luna tokens, resulting in a $40 billion loss for investors.
Hot Take: Do Kwon fights against extradition to the US or South Korea
Do Kwon, co-founder of Terraform Labs, is appealing against the decision to extradite him to either the US or South Korea, urging for extradition to his home country. A Montenegrin court has sentenced him to four months in prison due to his attempt to use a forged passport. The US is seeking his extradition on various charges related to the collapse of his company, TerraLabs, while South Korean authorities are also pursuing his return. The outcome of the appeal will have significant implications for Do Kwon’s future, determining whether he will face legal consequences in the US or South Korea.
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