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Do Kwon Successfully Appeals Extradition Decision by Montenegro Court
A previous decision that legal requirements for extradition had been met was rejected by the country's Appeals Court.
A decision by a Montenegro high court approving the extradition of Terra founder Do Kwon to either the U.S. or South Korea has been rejected by the country's Appeals Court, a Tuesday notice shows.
The former CEO of Terra was arrested and sentenced to prison in Montenegro over charges of possessing falsified official documents. The U.S. and South Korea have requested his extradition to face criminal charges related to the collapse of his multi-billion dollar crypto enterprise Terraform Labs in May of 2022.
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The Podgorica High Court in November decided that the legal prerequisites for the extradition of Kwon were met. Tuesday’s order shows Kwon’s defense successfully appealed that decision. The Appeals Court has ordered the case to be returned to the Podgorica Basic Court for retrial.
The Appeals Court rejected the extradition decision because the investigating judge failed to hear out the defendant, Kwon, with regard to the U.S. extradition request – something required by law.
If the courts eventually approve Kwon’s extradition, the country’s Minister for Justice has the final decision.
Sandali Handagama
Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She is an alumna of Columbia University's graduate school of journalism and has contributed to a variety of publications including The Guardian, Bloomberg, The Nation and Popular Science. Sandali doesn't own any crypto and she tweets as @iamsandali
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
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Was Sie wissen sollten:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
