Terra Founder Do Kwon Succeeds in Second Extradition Appeal in Montenegro

In a recent turn of events, Do Kwon, the founder of Terraform Labs, has achieved success in his ongoing legal battle against extradition from Montenegro to either South Korea or the U.S. This victory comes as the Montenegro Court of Appeals overturned a decision from the High Court that initially sanctioned his extradition.

The Appeals Court highlighted various discrepancies in the extradition process, pointing out that the reasoning provided by the High Court lacked clarity. Moreover, the sequence in which extradition requests from both countries were received was ambiguous, and there were concerns regarding the alignment of the proceedings with local laws.

Do Kwon’s legal representative, Goran Rodic, had previously suggested that external pressures, possibly of a political nature, had influenced the extradition proceedings.

This recent development follows a series of legal maneuvers. Initially, in December, Kwon successfully appealed against the High Court’s decision to approve his extradition. However, the High Court later reaffirmed its verdict on December 29, prompting Kwon and his legal team to lodge another appeal.

The case has now been sent back to the High Court for further review.

The prolonged legal battle has kept Kwon in limbo for months since his arrest and subsequent imprisonment in Montenegro. His troubles began in March 2023 when he was apprehended at a Podgorica airport for using falsified travel documents. Following a conviction for passport forgery, Kwon was handed a four-month sentence in a Balkan prison. However, his detention was extended as authorities grappled with the extradition process.

The backdrop to this legal saga is Kwon’s connection to the collapse of Terra, a blockchain platform he founded. Declared an international fugitive by Interpol, Kwon has been embroiled in legal woes alongside Han Chang-joon, Terraform Labs’ former CFO. Han has already been extradited to South Korea, where he faces potential criminal charges.

The outcome of this protracted legal battle remains uncertain, but for now, Do Kwon’s extradition has been put on hold pending further review by the Montenegro High Court.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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