Montenegrin Court Overturns Decision to Extradite Terra Founder Do Kwon to the US
The founder of Terraform Labs, the crypto firm behind the Terra (LUNA) collapse, has successfully appealed against his extradition to the United States. The Montenegro Appeals Court has overturned the decision to extradite Do Kwon to either the US or South Korea.
Kwon was initially arrested in Montenegro in March for using a fake Costa Rican passport. However, he argued in court that he obtained the passport through a legitimate agency.
At the time, Montenegro was considering extraditing Kwon to the US, with Justice Minister Andrej Milovic reportedly favoring sending him there instead of South Korea, which also seeks to prosecute him.
Both the US and South Korea want Kwon extradited to face fraud charges related to the $40 billion collapse of the Terra ecosystem this year.
After Kwon’s extradition was approved by a Montenegrin court, he appealed the ruling. As a result of winning the appeal, a retrial will be held in the Podgorica Basic Court due to a judge who refused to hear Kwon’s arguments.
The final decision on where Kwon will be extradited, if at all, rests with Montenegro Justice Minister Andrej Milovic.
Hot Take: Terra Founder’s Extradition Appeal Successful
Terra founder Do Kwon has won an appeal in Montenegro over his extradition to either the US or South Korea. This comes after he was initially arrested for using a fake passport and faced charges related to the collapse of the Terra ecosystem. With both countries seeking his extradition, Kwon’s successful appeal means there will be a retrial in Montenegro. The final decision on his extradition will be made by Montenegro Justice Minister Andrej Milovic. This development highlights the ongoing legal battle surrounding the Terra collapse and the international efforts to hold Kwon accountable for the alleged fraud.
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