The Appellate Courtroom of Montenegro has declined Do Kwon’s enchantment to halt his extradition to South Korea, in response to a March 20 discover.
In its ruling, the Courtroom affirmed the Excessive Courtroom’s resolution to deport Kwon, the co-founder of now-defunct Terraform Labs, to face legal fees in South Korea. These fees are linked to his alleged function within the collapse of Terra’s algorithmic UST stablecoin, which resulted in important losses exceeding $40 billion for buyers globally.
The Courtroom added that its resolution was remaining and can’t be appealed by any involved events. The discover didn’t present a timeline for when Kwon can be extradited to his house nation.
This resolution marked a big improvement in Kwon’s authorized extradition battle. The method has garnered appreciable worldwide consideration over the previous 12 months, with the US and South Korea searching for custody resulting from his high-profile case.
Why South Korea?
A Montenegrin excessive courtroom initially dominated to extradite Kwon to the US. Nevertheless, the Appellate Courtroom overturned the choice, citing procedural violations throughout the nation’s legal justice system.
Consequently, the Appellate Courtroom ordered a retrial on the Excessive Courtroom of Podgorica.
Within the subsequent trial, the Excessive Courtroom of Podgorica decided that Kwon ought to be extradited to South Korea, as their extradition request preceded that of the US.
Montenegro’s Appellate Courtroom upheld this resolution, stating:
“The panel of the Courtroom of Appeals assessed that the first-instance courtroom had accurately established that the request of the Republic of South Korea arrived earlier within the order of arrival in comparison with the request of the USA.”
Final month, the European nation deported Terraform Labs’ chief monetary officer, Han Chang-Joon, to South Korea to face legal fees. Chang-Joon and Kwon have been arrested in Montenegro final 12 months for touring with falsified official paperwork.
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