An appellate courtroom in Montenegro has upheld the choice of a decrease courtroom on the extradition case of Terraform Labs co-founder Do Kwon.
Kwon is dealing with felony prices in his native South Korea and the US stemming from the $40 billion crash of the TerraUSD stablecoin and its companion token, LUNA.
Each international locations sought Kwon’s extradition after the disgraced cryptocurrency mogul was arrested in a Montenegrin airport in March 2023.
In June, the Excessive Court docket of Podgorica dominated that Kwon needs to be handed over to South Korea and never the US because the extradition request from Kwon’s homeland arrived sooner than that of the US.
On Thursday, the appellate courtroom introduced its assist for the Excessive Court docket’s ruling and in addition famous that there was no attraction in opposition to its resolution.
Reads the translated assertion of the appellate courtroom,
“In keeping with the evaluation of the Appellate Court docket, the first-instance courtroom appropriately established the achievement of the authorized circumstances for extradition for each petitions in accordance with the provisions of the Legislation on Worldwide Authorized Help in Prison Issues and that the request of the Republic of Korea arrived earlier within the order of arrival in comparison with the request of the USA.”
The event comes months after the Montenegro Supreme Court docket overturned a choice to extradite Kwon to South Korea due to procedural lapses within the decrease courts.
Citing Do Kwon’s lawyer Goran Rodic, Bloomberg reports that Montenegro will organize the extradition with help from Interpol.
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