Montenegro Court Approves Do Kwon’s Extradition to South Korea
- Montenegro approves Do Kwon’s extradition to South Korea over Terraform Labs’ collapse.
- Court rejects U.S. extradition request in high-profile cryptocurrency fraud case.
- Do Kwon to face South Korean justice for TerraUSD collapse and alleged securities scam.
Bloomberg reports that the Montenegro Appellate Court has approved the extradition of Do Kwon, the co-founder of Terraform Labs, to South Korea to face charges related to the TerraUSD collapse. This ruling, announced on August 1, rejects a competing request from the United States. Consequently, Kwon will face legal proceedings in his home country rather than in the U.S.
The court’s decision follows a series of legal challenges. Earlier, Montenegro’s Supreme Court had overturned a prior decision approving Kwon’s extradition to South Korea. The case was referred back to the Higher Court in Podgorica. This sparked a protracted legal battle between South Korea and the U.S., each vying for jurisdiction over the high-profile cryptocurrency fraud case.
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