The Co-founder of Terra, Do Kwon, Challenges Extradition to South Korea and the US

7:30 am
December 7, 2023

Do Kwon, the co-founder of Terraform Labs, has lodged an official appeal against the recent decision of the Montenegrin High Court to extradite him, adding a new layer of complexity and uncertainty to the resolution timeline. The Montenegrin Ministry of Justice is now tasked to make a final decision before the looming deadline of December 15.

Legal Battle of Do Kwon

Following reports from local media, the Montenegrin Court of Appeal confirmed that Do Kwon has appealed the extradition decision, expressing his refusal to accept the court’s ruling. This appeal initiates a mandatory reconsideration of the extradition decision, throwing the resolution timeline into uncertainty.

Kwon’s legal ordeal began when he was detained on June 15 for a six-month extradition process, with the Montenegrin High Court giving the nod to extradition requests from both South Korea and the United States just two weeks ago. The decision did not specify whether Kwon would be extradited to Korea or the United States, leaving the ultimate decision to the Montenegrin Minister of Justice.

Although Kwon has expressed a preference for extradition to Korea, local Montenegrin officials are doubtful about the possibility of overturning the decision. There is a prevailing belief that Kwon’s sustained detention is drawing unwarranted attention.

What’s Next for Do Kwon?

The forthcoming decision of the Montenegrin Court of Appeal on the extradition appeal will significantly impact the potential extradition destination for Do Kwon, determining whether it will be Korea or the United States. The appeal has introduced uncertainty into the timeline, making it difficult for the Montenegrin Ministry of Justice to reach a verdict before the set deadline of December 15.

As the situation continues to evolve, the legal community is eagerly awaiting the resolution of this high-profile extradition case.

FAQs

What is the status of Do Kwon’s legal battle?

Do Kwon, the co-founder of Terraform Labs, is currently challenging the extradition decision by the Montenegrin High Court. This has added a new layer of complexity and uncertainty to the resolution timeline.

When did Do Kwon’s legal ordeal begin?

Kwon’s legal ordeal began on June 15 when he was initially detained for extradition for six months, with the Montenegrin High Court approving the extradition requests from both South Korea and the United States just two weeks ago.

What is the potential impact of the forthcoming decision of the Montenegrin Court of Appeal?

The decision will significantly impact the potential extradition destination for Do Kwon, determining whether it will be Korea or the United States.


Share:

More in this category ...

11:58 am February 23, 2024

730K Investors Exit Despite Record $7B Inflows

Featured image for “730K Investors Exit Despite Record $7B Inflows”
10:49 am February 23, 2024

Tokenized Securities: Understanding the Impact on Traditional Financial Markets

7:08 am February 23, 2024

Enhance Your Technical Team’s Skills with Practical Technology Training

3:19 am February 23, 2024

Blockchain 101: An Essential Guide for Artists and Creators on Copyright Protection

3:05 am February 23, 2024

Binance Labs invests in EigenLayer restaking protocol Renzo

12:01 am February 23, 2024

Is Bitcoin’s Bullish Streak Sustainable?

Featured image for “Is Bitcoin’s Bullish Streak Sustainable?”
7:53 pm February 22, 2024

Paris Saint-Germain (PSG) Becomes First Football Club to Officially Validate a Blockchain

7:46 pm February 22, 2024

Innovations in Music Distribution: Understanding Decentralized Streaming Protocols

7:28 pm February 22, 2024

Operationalizing Ethical AI in Defense: A Holistic Approach

12:41 pm February 22, 2024

JasmyCoin rallies 295% as Bitcoin Dogs take the crypto stage by storm

12:14 pm February 22, 2024

The Future of Diamond Trading: Disrupting Traditional Channels with Blockchain

12:03 pm February 22, 2024

Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves

Featured image for “Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves”
7:50 am February 22, 2024

Polygon and StarkWare unveil Circle STARKs to streamline Zk Proofs

5:29 am February 22, 2024

Lido adds support for 1inch as withdrawal aggregator

4:44 am February 22, 2024

Unlocking the Value of Tokenized Data in Health Research and Analytics

12:05 am February 22, 2024

Is Ethereum Overvalued, Similar ‘To Meme Coins Like Shiba Inu’?

Featured image for “Is Ethereum Overvalued, Similar ‘To Meme Coins Like Shiba Inu’?”
10:17 pm February 21, 2024

Binance Introduces Portal (PORTAL) to Launchpool for Crypto Gaming

9:15 pm February 21, 2024

Smart Contracts and Blockchain: Transforming Sustainable Supply Chains

3:03 pm February 21, 2024

Brad Garlinghouse Optimistic about Ripple’s Future, Says Ripple Will Welcome XRP ETF

1:44 pm February 21, 2024

From Trust to Security: The Case for Decentralized Identity Management Systems

12:08 pm February 21, 2024

Render Token Surges 60% In a Month, Gains Traction with Investors

Featured image for “Render Token Surges 60% In a Month, Gains Traction with Investors”
8:29 am February 21, 2024

Climate change predictions: Anticipating and adapting to a warming world

7:51 am February 21, 2024

Starknet’s STRK sees volatile market debut following airdrop

6:14 am February 21, 2024

Securing the Food Supply: How Blockchain is Combating Counterfeit Products

12:39 am February 21, 2024

Analysts say $3k “a relatively small obstacle”

12:11 am February 21, 2024

Bitcoin Whales Steer Clear Of Significant Short Positions, Show Confidence In Price Surge

Featured image for “Bitcoin Whales Steer Clear Of Significant Short Positions, Show Confidence In Price Surge”
10:44 pm February 20, 2024

The Potential of Tokenized Derivatives: Unlocking New Opportunities for Investors

8:40 pm February 20, 2024

How IBM is using Real User Monitoring and DNS to deliver premium Global Server Load Balancing for business-critical applications 

5:27 pm February 20, 2024

Human Institute Teams Up with Polygon Labs and Animoca Brands to Introduce ZKP-Powered Palm Recognition Technology

3:16 pm February 20, 2024

The Future of E-Commerce: Unleashing the Potential of Blockchain Technology