Montenegrin Court Resumes Extradition Proceedings Against Do Kwon, Despite Previous Setback
The fate of Terraform Labs Co-Founder Do Kwon now rests in the hands of Justice Minister Andrej Milovic. Will he grant the U.S.’s request for extradition? Rumors suggest his previous statements may sway the decision.
The fate of Do Kwon hangs in the balance as the Podgorica High Court delivers a crucial verdict on his extradition to both South Korea and the United States. With the legal requirements now met, the stage is set for a high-stakes battle between Kwon’s potential appeal and the minister’s unwavering stance.
The cryptocurrency world was rocked when Do Kwon, the mysterious founder of Terra and Luna, vanished into thin air just before their market crashed in April 2022.
But the plot thickened when the SEC finally tracked him down and exposed his deception of investors regarding the stability of UST. In a dramatic turn of events, Do Kwon was arrested in Montenegro in March 2023, caught red-handed with a forged passport.
After serving a brief four-month sentence in prison, he was then transferred to a detention center for foreigners, where his true motives and whereabouts still remain a mystery.
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On a fateful April 5th, Montenegro’s highest court made a game-changing decision, overturning the ruling to send Do Kwon back to his home country of South Korea. This unexpected turn of events has reignited the extradition process, sending shockwaves through the legal system.