Former Terra Founder Do Kwon Successfully Appeals Extradition
In a significant turn of events, the Montenegro Appeals Court has rejected the decision to extradite Terra founder Do Kwon to either the U.S. or South Korea. This comes as a relief for Kwon, who has been on the run since the collapse of Terra and the subsequent charges of document forgery.
The collapse of Terraform Labs in May 2022 has led to a legal battle for Kwon, who faces extradition requests from both the U.S. and South Korea. The Montenegro High Court initially approved the extradition on November 24, 2023, but Kwon appealed, seeking an extension and a reconsideration of his fate.
Procedural Flaws and Lack of Clarity
Kwon’s defense successfully appealed the initial decision, and the Appeals Court has ordered a retrial in the Podgorica Basic Court. The nullification of the approval is based on the argument that the initial ruling lacked clarity on important factors and requires further examination.
The Appeals Court also identified procedural flaws in the extradition process, pointing out that although Kwon responded to the South Korean request, a hearing for the U.S. request had not occurred. This discrepancy violates the law, which states that clear reasons and evidence must be provided promptly to the person being requested for extradition.
Implications for Do Kwon
Kwon’s successful appeal provides temporary relief, allowing him to avoid legal proceedings in both South Korea and the United States. However, if his extradition is eventually approved, the final decision will rest with the country’s Minister for Justice. The rejection of the initial extradition approval sets the stage for a retrial, creating uncertainty about Kwon’s fate.
Hot Take: Do Kwon’s Extradition Rejected, Uncertainty Looms
The rejection of Do Kwon’s extradition by the Montenegro Appeals Court is a crucial moment in his legal saga. As the crypto community remains interested, the next chapter in the story of the fallen crypto tycoon will be closely watched.
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