The Appellate Courtroom of Montenegro has declined Do Kwon’s attraction to halt his extradition to South Korea, based on a March 20 notice.
In its ruling, the Courtroom affirmed the Excessive Courtroom’s choice to deport Kwon, the co-founder of now-defunct Terraform Labs, to face prison prices in South Korea. These prices are linked to his alleged function within the collapse of Terra’s algorithmic UST stablecoin, which resulted in vital losses exceeding $40 billion for traders globally.
The Courtroom added that its choice was ultimate and can’t be appealed by any involved events. The discover didn’t present a timeline for when Kwon can be extradited to his dwelling nation.
This choice marked a major improvement in Kwon’s legal extradition battle. The method has garnered appreciable worldwide consideration over the previous yr, with the US and South Korea searching for custody resulting from his high-profile case.
Why South Korea?
A Montenegrin excessive courtroom initially dominated to extradite Kwon to the US. Nonetheless, the Appellate Courtroom overturned the choice, citing procedural violations inside the nation’s prison justice system.
Consequently, the Appellate Courtroom ordered a retrial on the Excessive Courtroom of Podgorica.
Within the subsequent trial, the Excessive Courtroom of Podgorica determined that Kwon must be extradited to South Korea, as their extradition request preceded that of the US.
Montenegro’s Appellate Courtroom upheld this choice, stating:
“The panel of the Courtroom of Appeals assessed that the first-instance courtroom had appropriately established that the request of the Republic of South Korea arrived earlier within the order of arrival in comparison with the request of the USA.”
Final month, the European nation deported Terraform Labs’ chief monetary officer, Han Chang-Joon, to South Korea to face prison prices. Chang-Joon and Kwon have been arrested in Montenegro final yr for touring with falsified official paperwork.
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