A Montenegrin courtroom has once more moved ahead with Do Kwon’s extradition after it was annulled final week.
In response to the native reviews from South Korea, the extradition case now lies within the arms of Justice Minister Andrej Milovic, whose earlier statements recommend a leaning in the direction of Terraform Labs Co-Founder Do Kwon’s extradition to the U.S.
The Podgorica Excessive Court docket confirmed that the authorized necessities for Do Kwon’s extradition to each South Korea and america have been met. Regardless of Kwon’s potential enchantment, the minister’s stance and the courtroom’s ruling sign a rising probability of his extradition to america.
Do Kwon disappeared shortly earlier than the Terra and Luna cryptocurrency crashed in April 2022. Final week, the SEC discovered him and Terraform Labs responsible of deceiving buyers about UST’s stability.
Do Kwon was arrested in Montenegro in March 2023 for utilizing a cast passport. Following a four-month jail sentence, he was transferred to a detention middle for foreigners.
On April 5, Montenegro’s Supreme Court docket overturned the preliminary determination to switch Do Kwon again to South Korea, restarting the extradition process from scratch.