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Montenegro Court Cancels Extradition of Do Kwon

The extradition of Do Kwon cancelled by the Court of Appeal of Montenegro:

  • A court in Montenegro has overturned the approval of Do Kwon’s extradition to South Korea and the United States.
  • The Court of Appeal found significant violations in the legal process.
  • The case has been referred back to the initial court for a new trial.

Do Kwon will continue serving his sentence in Montenegro

The Court of Appeal of Montenegro has cancelled the approval of Do Kwon’s extradition, the co-founder of Terraform Labs, in response to the appeal filed by his lawyers.

This decision overturns the one made on November 17 by the High Court. The Court of Appeal of Montenegro, in reviewing the High Court’s decision regarding Do Kwon’s extradition, identified and highlighted issues in how the High Court handled the case.

Specifically, the Court of Appeal noted that the High Court’s decision lacked clear and established reasons and facts. In other words, the High Court did not provide sufficiently detailed explanations or tangible evidence to justify their decision to approve Do Kwon’s extradition.

A look back at a multibillion-dollar case

This development follows an earlier decision by the first instance court in Podgorica, the capital of Montenegro. As a reminder, this court had ruled that Do Kwon, after serving a four-month prison sentence in Montenegro for the offense of forgery, could be extradited to one of the two requesting countries, namely South Korea or the United States.

Do Kwon’s extradition had been requested for financial crime charges in the United States and South Korea, following the collapse of the Terra system in May 2022, which resulted in the loss of several billion dollars.

The case has been referred back to the initial court for a new trial, opening the door to further legal discussions and decisions in this complex and highly publicized case.

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