**Embattled Terraform Labs co-founder Do Kwon is set to be extradited to South Korea following the failed extradition bid to the United States.**
New Update In Do Kwon’s Extradition Move
A recent report states that Do Kwon’s extradition to South Korea has been ordered by a High Court in Podgorica. This decision reverses the previous ruling of another court in Montenegro that Kwon should be extradited to the U.S.
Kwon’s hearing was initially scheduled for January 29 but was postponed to this month due to uncertainty about his presence. The delay was seen as an opportunity for the authorities to extradite him from Montenegro. However, his lawyer did not want any further delays beyond March 18, and the SEC proposed April 15 as a new trial date.
Extraditions have been a major challenge for Terraform Labs executives recently. Han Chang-joon, the former financial officer of the company, was extradited to South Korea after serving a prison sentence in Montenegro.
Kwon appealed against his extradition to the U.S., and a month ago, the Court of Appeals of Montenegro granted his request, overturning the decision made by the Montenegro High Court. His lawyer argued that the wording of the decision was incomprehensible, and the appellate court agreed. There have been multiple reversals regarding his extradition to either the United States or South Korea.
Following the latest ruling in Montenegro, the South Korean National Police agency has requested Interpol’s assistance in bringing Kwon back to South Korea from Montenegro.
Is Kwon’s Case in the US Over?
The legal hurdles faced by Do Kwon are not easy to overcome, even for regulatory bodies like the United States Department of Justice (DOJ). While the extradition bid to move him to the U.S. is currently on hold, there is no indication that he will be let off easily.
The DOJ has a track record of prosecuting offenders, even over an extended period of time, and Do Kwon may not be an exception. One high-profile case currently before the regulator is that of Binance Founder and former CEO Changpeng ‘CZ’ Zhao, whose sentence hearing is imminent.
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