Montenegro’s Constitutional Court unanimously rejected Terraform Labs’ co-founder Do Kwon’s appeal regarding a verdict on his extradition over legal issues, Korea JoongAng Daily reported On December 25,
The decision clears the path for Montenegro’s Justice Minister to determine Kwon’s extradition destination, which is now expected to be the US due to the ministry’s established stance, the report added.
Kwon’s home country, South Korea is on his tail as well. Authorities have been pursuing him for charges related to the collapse of TerraUSD (UST), and Luna tokens that occurred in May 2022.
Extradition is a battle.
Kwon, who had been on the lam for several months, was finally apprehended by police in March 2023. The man was trying to cross through Montenegro with a faked passport. This further complicates his legal issues.
The US has been particularly vocal in pursuing Kwon, seeking to hold him accountable for his role in the implosion of Terraform Labs’ stablecoin ecosystem. US court Kwon fined $4.5 billion After June Failure to settle Civil lawsuit against the US Securities and Exchange Commission
South Korea, however, has shown a strong interest in pursuing the crypto-mogul. This is due to the global implications of Terraform’s collapse. The Appellate Court previously upheld a decision to prioritize South Korea’s extradition request over the US.
However, former Montenegrian Justice Minister Andrej Milović argued that Prime Minister Milojko Spajić Extradition is a tool that can be used as leverage for a 30-year concession for the country’s airports with South Korea.
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