Montenegro Minister Signs Order for Extradition of Terraform Labs Co-Founder
The Minister of Justice in Montenegro, Bojan Božović, has recently signed an order to extradite Terraform Labs co-founder Do Kwon to the US.
Legal Conditions Met for Extradition
Montenegro’s Supreme Court has confirmed that all legal conditions for Kwon’s extradition have been fulfilled. After careful evaluation of the competing extradition requests, the Ministry of Justice determined that the US request aligns with the most legal criteria.
Reasoning Behind Decision
The Justice Ministry outlined factors such as the severity of the alleged crimes, location of their commission, timing of requests, and Kwon’s citizenship as reasons for approving the extradition to the US and denying South Korea’s request.
Potentially end of a lengthy battle
Kwon is facing significant legal challenges in the US, with allegations of misleading investors and misuse of Terraform’s blockchain technology. Authorities have charged him with offenses related to the collapse of TerraUSD and Luna tokens, resulting in significant financial losses.
Despite South Korea’s interest in prosecuting Kwon, Montenegro’s decision to extradite him to the US has sparked controversy, with claims of political leverage being used in the extradition process.
