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. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a fake passport, faces criminal charges in South Korea related to the $40 billion collapse of the Terra/LUNA cryptocurrency. This ruling marks a pivotal moment in the months-long legal battle involving both South Korea and the United States, with the court rejecting the US’s bid for his extradition. Kwon’s return to South Korea will see him facing justice for his alleged role in one of the largest financial collapses in the cryptocurrency market.
Montenegrin Court Upholds Extradition of Terraform Labs Co-Founder Do Kwon to South Korea
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