Do Kwon Wins Second Appeal Against Extradition Requests
After an initial victory in November, the decision was reversed in late December, reinstating the extradition requests.
Context and Recent Developments
Do Kwon, co-founder of Terraform Labs, continues to face a legal battle in Montenegro regarding extradition requests from the United States and South Korea. Despite winning an appeal in November to overturn the High Court’s decision in favor of the extradition requests, the same court ruled in late December that the requests were valid.
Do Kwon’s Appeal Strategy
In response to this situation, Do Kwon and his lawyer, Goran Rodic, have decided to appeal the High Court’s decision. Rodic emphasized in an interview that the local courts were under political pressure to expedite the extradition. This recent decision represents a minor victory for Do Kwon, offering him a second chance to contest the extradition.
Implications of the Extradition of the Former CFO
Han Chang-Joon, former CFO of Terraform, has been extradited to South Korea by the Montenegrin authorities.
The extradition of Do Kwon’s associate highlights the seriousness of the situation for the leaders of Terraform Labs. This move could foreshadow future developments for Kwon, particularly regarding the location of his extradition.
Following the collapse of the TerraUSD stablecoin in May 2022, Do Kwon is facing criminal charges in South Korea and the United States. His arrest in Montenegro last year for possession of forged official documents and subsequent four-month prison sentence further complicates his case. While serving his sentence, the Montenegrin authorities still need to approve his extradition and decide on his final destination.
