Montenegro's Supreme Court to Determine Do Kwon's Extradition Fate This Month
CryptoNewsTerminal Staff13 Sep, 2024
Montenegro's Supreme Court to Determine Do Kwon's Extradition Fate This Month
Montenegro's Supreme Court is poised to issue a final ruling this month on the extradition of Do Kwon, the embattled founder of Terraform Labs (TFL), to South Korea. The development stems from a request by Montenegro's Supreme Prosecutor's Office, which argues that the lower courts violated the International Criminal Justice Cooperation Act in their decision to extradite Kwon. The Supreme Court has accepted the request and suspended Kwon's extradition pending its review. The decision comes as Kwon faces charges in South Korea related to the collapse of the Terra ecosystem in May 2022. The crash wiped out billions of dollars in investor funds and sparked investigations by authorities worldwide. Kwon has denied any wrongdoing and has been fighting extradition from Montenegro, where he was arrested in September 2022. His lawyers have argued that he could face an unfair trial in South Korea and that his extradition is politically motivated. The Supreme Court's decision will have significant implications for Kwon and the ongoing legal saga surrounding the Terra ecosystem collapse.
