Montenegro’s Constitutional Court Rejects Terraform Labs Co-Founder’s Extradition Appeal
The Constitutional Court of Montenegro unanimously rejected Terraform Labs’ co-founder Do Kwon’s appeal regarding his extradition over legal issues, as reported by Korea JoongAng Daily on Dec. 25.
Key Points:
- The decision paves the way for Montenegro’s Justice Minister to determine Kwon’s extradition destination, likely the US.
- Kwon faces legal issues in South Korea related to the collapse of TerraUSD (UST) and Luna tokens in May 2022.
Battle for Extradition
Kwon, who was apprehended in March 2023 after being on the run for months, was found using a counterfeit passport in Montenegro, complicating his legal situation further.
Notable Actions:
- The US imposed a $4.5 billion fine on Kwon in June for his involvement in Terraform Labs’ stablecoin ecosystem collapse.
- South Korea is also interested in prosecuting Kwon, with an Appellate Court prioritizing their extradition request over the US.
Former Montenegrin Justice Minister Andrej Milović alleged that the extradition was used as leverage for a 30-year concession for the country’s airports with South Korea.
Mentioned in this article
About the Authors:
- Gino Matos: A law school graduate and experienced journalist specializing in the Brazilian blockchain ecosystem and DeFi.
- Assad Jafri: A passionate journalist with a decade of experience in financial journalism, now focusing on crypto reporting.
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Disclaimer: The opinions expressed in this article are those of the authors and not necessarily reflective of CryptoSlate. This article does not constitute investment advice, and readers are advised to conduct their own research before engaging in cryptocurrency trading.
