An appeals court in Montenegro has upheld a lower court’s decision in the extradition case of Terraform Labs co-founder Do Kwon.
Kwon is facing criminal charges in his native South Korea and the US over the $40 billion crash of the TerraUSD stablecoin and its companion token, LUNA.
Both countries requested Kwon’s extradition after the disgraced cryptocurrency magnate was arrested at a Montenegrin airport in March 2023.
In June, the Podgorica High Court ruled that Kwon should be handed over to South Korea and not the US, because the extradition request from Kwon’s home country arrived before that of the US.
On Thursday, the appeals court announced its support for the Supreme Court’s ruling and also noted that its decision could not be appealed.
Reads the translated statement from the Court of Appeal,
“According to the assessment of the Court of Appeal, the Court of First Instance correctly found for both petitions that the legal conditions for extradition were met in accordance with the provisions of the Law on International Legal Assistance in Criminal Matters and that the request of the Republic of Korea arrived earlier in the order of arrival compared to the US request.”
The development comes months after Montenegro’s Supreme Court overturned a decision to extradite Kwon to South Korea due to procedural errors at the lower courts.
Citing Do Kwon’s lawyer Goran Rodic, Bloomberg reports that Montenegro will arrange the extradition with the help of Interpol.
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Generated image: Midjourney
