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An appellate court in Montenegro has upheld the decision of a lower court on the extradition case of Terraform Labs co-founder Do Kwon. Kwon is facing criminal charges in his native South Korea and the US for the $40 billion crash of the TerraUSD stablecoin and its companion token, Luna.
On August 1, the Montenegro Appellate Court confirmed its decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea.
On Thursday, the Appellate Court of Montenegro upheld a prior ruling from the High Court of Podgorica, determining that Kwon should face charges in South Korea. This decision overrides a competing request from the United States, which also sought his extradition to face charges related to the collapse of the Terra/LUNA ecosystem, a debacle that wiped out $40 billion in market value in May 2022.
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea.
After a drawn-out legal battle spanning over 16 months, the Montenegrin Court of Appeal has finally ruled that cryptocurrency entrepreneur Do Kwon will be extradited to his home country of South Korea, rejecting a parallel extradition request from the United States.
The legal drama in Montenegro over Terraform Labs co-founder and fraudster Do Kwon isn't over just yet.
Montenegro has decided to send Do Kwon, the founder of Terra, to South Korea for legal proceedings, instead of granting the U.S. request for extradition. This decision marks a key development in the case against Kwon.
The August 1 ruling marks the conclusion of a protracted legal saga involving multiple appeals and judicial reversals on Kwon's extradition.
Do Kwon, the co-founder of bankrupt Terraform Labs, will be extradited to South Korea. Yesterday, a Montenegrin appeals court ruled on his extradition, rejecting the US request.
The appeals court has upheld the previous ruling by a lower court. South Korea did not officially process any charges against him.
Do Kwon, the disgraced co-founder of Terraform Labs, is set to be extradited from Montenegro to South Korea, as per a court ruling. The decision rejects a U.S. extradition request.
The court in Podgorica has ruled that this ruling is final and cannot be appealed. On Thursday, the court ruled against extraditing Kwon to the US.
Montenegro's Appellate Court confirms the extradition of crypto fraudster Do Kwon to South Korea, rejecting the US request.
South Korea is set to extradite Do Kwon, the co-founder of the collapsed Terra platform. The Appellate Court of Montenegro has issued a ruling confirming the decision earlier taken by the High Court of Podgorica to send him to his Native country, Instead of the U.S. Let's explore the case development for Kwon's Extradition.
Terraform Labs co-founder Do Kwon is set to be extradited from Montenegro to his native South Korea following a ruling from the Balkan nation's court of appeals on Thursday, August 1.
A months-long legal back and forth will seemingly lead to Kwon's extradition to his home country,
Terraform Labs co-founder Do Kwon is finally set to be extradited to South Korea after a more than year-long legal process in Montenegro. The Appellate Court upheld the Higher Court's June decision to prioritize South Korea's extradition request over that of the US.
Terra endures more turbulence due to a complex security breach, draining $6.8M from the battle-scared chain.
Since 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin courts.
The upheld extradition underscores global regulatory efforts to hold crypto leaders accountable, potentially reshaping industry oversight and trust. The post Do Kwon extradition to South Korea upheld as Montenegro court rejects US request appeared first on Crypto Briefing.
A court in Montenegro denied the U.S.'s request to extradite former Terraform Labs CEO Do Kwon and ruled that he would be sent to South Korea.
Do Kwon, the controversial co-founder of Terraform Labs, is facing imminent extradition to South Korea. This development comes after a series of legal battles and competing extradition requests from both South Korea and the United States.
Terraform Labs co-founder and fraudster Do Kwon is once again set to be extradited from Montenegro to his native South Korea, after a ruling from the Balkan nation's court of appeals Thursday.
The Court of Appeal of Montenegro ratified the ruling for Do Kwon extradition to South Korea by dismissing the US request.
