The Court of Appeal of Montenegro has overturned a
decision allowing for the extradition of Do Kwon, the Former CEO of Terra, to
either the United States or South Korea. Instead, Kwon has been granted an
appeal against this matter based on a procedural error.
According to a report by Coindesk, citing documents
shared by the court on Tuesday, the judge overseeing the case
failed to grant Kwon the opportunity to present his stance regarding the
extradition request from the United States. This is a mandatory step provided
in the law.
This oversight led to the successful appeal by
Kwon’s defense, redirecting the case to the Podgorica Basic Court for a
retrial. This reversal marks a pivotal moment in the legal battle ensnaring
Kwon, who faces imprisonment in Montenegro over charges involving falsified
documents.
This oversight led to the successful appeal by
Kwon’s defense, redirecting the case to the Podgorica Basic Court for a
retrial. This reversal marks a pivotal moment in the legal battle facing Kwon,
who was recently imprisoned over charges involving falsified documents.
The latest saga revolves around international
requests for Kwon’s extradition due to the collapse of his multi-billion dollar
crypto venture, Terraform Labs, in May of 2022.
This latest twist in Do Kwon’s legal saga emerged
when Montenegro’s Appeals Court invalidated the prior decision by the Podgorica
High Court, which had initially approved Kwon’s extradition.
Do Kwon’s legal entanglement spans across borders,
with both the United States and South Korea vying for his extradition to
address criminal charges connected to the collapse of Terraform Labs.
Legal Battles and Extradition Uncertainty
Last month, the High Court of Montenegro declined Kwons’ appeal against his four-month prison sentence for falsifying documents, Finance Magnates reported. Kwon, along with fellow executive Han Chang-Joon, were arrested in March.
Expect ongoing updates as this story evolves…
The Court of Appeal of Montenegro has overturned a
decision allowing for the extradition of Do Kwon, the Former CEO of Terra, to
either the United States or South Korea. Instead, Kwon has been granted an
appeal against this matter based on a procedural error.
According to a report by Coindesk, citing documents
shared by the court on Tuesday, the judge overseeing the case
failed to grant Kwon the opportunity to present his stance regarding the
extradition request from the United States. This is a mandatory step…
