Following a lengthy legal process, it has been confirmed that Do Kwon, co-founder and former CEO of Terraform Labs, will be extradited to South Korea. The Appellate Court of Montenegro upheld a previous decision to hand him over to his native country, despite multiple appeals from Kwon’s legal team.
Initially, Kwon and Terraform Labs’ CEO were arrested in Montenegro in March 2023, with the CEO facing extradition to the US. However, the Appellate Court intervened and reversed this decision, leading to the current extradition order for Kwon to South Korea. Despite winning three previous appeals to avoid extradition, Kwon now faces the prospect of being deported to his home country.
While the exact timing of the extradition remains unclear, reports indicate that South Korea’s Police have enlisted the help of Interpol to bring Kwon back to the country. This move comes after the Appellate Court stated that South Korea’s extradition request took precedence over the one from the US, based on the order of arrival and other criteria.
On the other side of the legal battle, US prosecutors are pushing back against Kwon’s extradition to South Korea. The charges against him relate to the collapse of TerraUSD (UST) stablecoin and the LUNA token, which led to his arrest in Montenegro. Despite the ongoing legal challenges, Kwon’s fate now hangs in the balance as he awaits his eventual deportation.
The extradition saga of Do Kwon serves as a reminder of the complexities involved in international legal disputes. As the co-founder of Terraform Labs, Kwon finds himself at the center of a high-stakes battle between multiple countries, each vying for jurisdiction over his case. The outcome of this legal drama remains uncertain, but one thing is clear – the repercussions of Kwon’s actions have reverberated across borders, leaving a trail of legal challenges in their wake.
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