{"id":434489,"date":"2024-01-15T21:48:37","date_gmt":"2024-01-15T20:48:37","guid":{"rendered":"https:\/\/thecoinacademy.co\/news\/do-kwon-appeals-extradition-decision-montenegro\/"},"modified":"2024-01-15T21:48:50","modified_gmt":"2024-01-15T20:48:50","slug":"do-kwon-appeals-extradition-decision-montenegro","status":"publish","type":"post","link":"https:\/\/thecoinacademy.co\/news\/do-kwon-appeals-extradition-decision-montenegro\/","title":{"rendered":"Do Kwon Appeals Extradition Decision in Montenegro"},"content":{"rendered":"<h2 id=\"do-kwon-appeals-the-decision-of-the-montenegro-court\">Do Kwon Appeals the Decision of the Montenegro Court<\/h2>\n<p>Do Kwon, the co-founder of Terraform Labs, has recently appealed a new decision by the Montenegro High Court. This decision supported the extradition requests made by the United States and South Korea.<\/p>\n<blockquote><p>&#8220;We have appealed again and are now awaiting a new decision from the Court of Appeals,&#8221; said Do Kwon&#8217;s lawyer.<\/p><\/blockquote>\n<p>Kwon&#8217;s recent appeal challenges the decision of the High Court, which he deems a blatant violation of the law, the European Convention on Extradition, and the bilateral extradition treaty with America.<\/p>\n<p>According to his lawyer, Goran Rodic, it appears that local courts are under political pressure regarding Kwon&#8217;s extradition. In November, Kwon managed to overturn a previous decision by the High Court, but on December 29, the court once again deemed the extradition requests valid.<\/p>\n<h2 id=\"a-multi-billion-dollar-case\">A Multi-Billion Dollar Case<\/h2>\n<p>In May 2022, the company Terraform Labs, behind the cryptocurrency projects LUNA and UST and valued at several billion dollars, simply collapsed, causing a ripple effect that led to the downfall of many crypto companies. As a result, Do Kwon, the co-founder of Terraform Labs, is facing fraud charges in his home country of South Korea, as well as in the United States.<\/p>\n<p>Arrested in Montenegro last year for possession of forged official documents, he was sentenced to four months in prison.<\/p>\n<p>While serving his sentence, Montenegro not only needs to approve his extradition, but also decide on his destination.<\/p>\n","protected":false},"excerpt":{"rendered":"Do Kwon Appeals the Decision of the Montenegro Court Do Kwon, the co-founder of Terraform Labs, has recently&hellip;\n","protected":false},"author":8,"featured_media":434491,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","original_i18n_url":"https:\/\/coinacademy.fr\/actu\/extradition-do-kwon-createur-terreform-labs-appel\/"},"categories":[139],"tags":[],"coauthors":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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