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The Appeals Court in Montenegro has canceled the High Court of Podgorica's approval to send Do Kwon, the crypto entrepreneur, back. According to the official statement on December 19, the Appellate Court pointed out problems in the legal steps, particularly the High Court's decision lacking clear reasons and facts.

In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The Podgorica-based Appeals Court made the decision, which cited procedural irregularities and lack of clarity in its ruling.

The approval further delays ongoing efforts to extradite Kwon either to his homeland or the United States.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, David Riegelnig, the CEO and founder of Rulematch, the new crypto exchange for banks, explains how institutional interest in digital assets grew in 2023.

The founder of Terraform Labs, the crypto firm behind the Terra (LUNA) collapse has won an appeal in Montenegro over being extradited to the United States. According to a statement from the Montenegro Appeals Court, the decision to extradite Terra founder Do Kwon to the US or South Korea has been overturned.

In a surprising turn of events, the Appellate Court in Montenegro has rejected a previous decision by a high court in the country approving the extradition of Terraform Labs founder Do Kwon to either South Korea or the United States.

The Terra founder was set to be extradited to the U.S. but an appeal means he will for the time being stay in Montenegro.

Former Terraform CEO Do Kwon's extradition is still pending after a court in Montenegro granted his appeal.

In a dramatic turn of events, the legal saga surrounding Do Kwon, the co-founder of Terra Labs, has taken an unexpected twist. Montenegro's Appellate Court has annulled a previous decision by the High Court to extradite Kwon, citing significant procedural errors and a lack of clarity in the legal process.

The Montenegro Court of Appeal has overturned the Podgorica High Court's decision to extradite Do Kwon, co-founder of Terraform Labs, following his appeal, according to a Dec. 19 update on the court website. Initially, the Podgorica High Court had greenlit Kwon's extradition to either the U.S.

On Tuesday, Montenegro's appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition.

The Appellate Court at Podgorica in Montenegro has overturned a previous ruling by the High Court regarding Terra Labs (CRYPTO: LUNA) co-founder Do Kwon's potential extradition, citing issues in the legal process and a lack of clear reasoning. This decision follows a complaint raised by Kwon's legal defense team, Bloomberg reported.

LUNA, LUNC, and USTC, tokens backed by the Terra ecosystem, recently amassed noteworthy attention among crypto market enthusiasts globally as the tokens witnessed a sudden price jump today. The upward trajectory portrayed by the tokens comes in alignment with the recent decision by the Montenegro Appeals Court on Do Kwon's legal chronicle.

The Court of Appeal of Montenegro has reversed a decision approving the co-founder of Terra Labs Do Kwon extradition to either the United States or South Korea.

Montenegro's Appeals Court has canceled the extradition of Do Kwon, the founder of Terra, to the United States or South Korea. Today's announcement brings a new layer of complexity to the ongoing legal challenges faced by Kwon, who is dealing with various charges across multiple countries.

The Appeals Court council found that the decision was fundamentally flawed due to significant violations in the legal process.

In a recent turn of events, the Appeals Court of Montenegro has overturned the high court's decision approving the extradition of Terra founder Do Kwon to the U.S. or South Korea. Meanwhile, the legal saga surrounding Kwon, initially detained over falsified document charges, has taken a new direction.

A Montenegro court has overturned the extradition permit for Terraform Labs co-founder Do Kwon. According to an official statement, the Montenegro Court of Appeal on Dec.

The Appeals Court in Montenegro overruled the High Court's previous decision to extradite Do Kwon, per a Vijesti report from December 19. The Appeals Court found that there had been multiple violations in the legal proceedings that led to the High Court decision on November 17.

A previous decision that legal requirements for extradition had been met was rejected by the country's Appeals Court.

A community-run news aggregator has written on X (Twitter), citing Bloomberg, that the Montenegro Court has canceled extradition approval for the Terraform Labs co-founder Do Kwon.

Amid the ebb and flow of the cryptocurrency market, Terra (LUNA) emerges as a captivating entity, inviting investors and enthusiasts to contemplate its future trajectory. The inquiry echoing across digital forums is whether Terra will achieve the $10 mark before the year's end.

Story Highlights The live price of LUNA is . LUNA price might hit a maximum of $2.67 by the end of 2024. Terra LUNA 2.0 price with a potential surge could go as high as $10.38 by the end of 2030.

Do Kwon, the ex-CEO of Terraform Labs, is set to spend two months in Montenegro custody after the country's High Court moved his release date to Feb. 15, 2024. While Do Kwon reportedly prefers being sent to South Korea, Montenegro's justice minister is said to be leaning towards sending him to the United States.