An Appellate Court in Montenegro Revokes Extradition of Terra Founder Do Kwon to the US, Orders Retrial
An appellate court in Montenegro has overturned the decision to extradite Do Kwon, the founder of Terra (LUNA), to the US and South Korea. The court ruled that the previous decision was incomprehensible and lacked decisive facts, leading to its cancellation. Additionally, it was determined that the first court did not establish proper extradition orders, which is a requirement. The original ruling stated that the legal prerequisites for extraditing Kwon to both countries had been met. Kwon is wanted in South Korea and the US for allegations of defrauding investors, market manipulation, and mishandling funds.
Kwon’s Arrest and Extended Custody
Do Kwon was arrested in Montenegro in June 2023 while attempting to board a flight to the United Arab Emirates using a forged Costa Rican passport. In December of the same year, authorities extended his custody period and ordered him to remain in Montenegro for an additional two months.
Hot Take: Extradition Revoked, Retrial Ordered
The appellate court in Montenegro has made a significant decision by revoking Do Kwon’s extradition to the US and South Korea. This ruling highlights flaws in the original decision, which lacked crucial facts and proper establishment of extradition orders. As a result, a retrial has been ordered. This development will likely have a major impact on Kwon’s legal proceedings and could potentially affect his future actions within the crypto industry. It remains to be seen how this case will unfold and what implications it may have for Terra (LUNA) and its ecosystem.
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