The court made the decision based on South Korea placing the extradition request before the United States and other relevant legal criteria.
A court in the Balkan country of Montenegro rejected Do Kwon's appeal of his extradition to South Korea, according to an official statement. The Montenegro Appellate Court made the decision based on South Korea placing the extradition request before the United States, as well as other relevant legal criteria related to the extradition of the same person to several countries.
The decision now locks in his extradition to South Korea, forbidding the United States or Do Kwon to fight the decision further, Do Kwon's lawyer told CoinDesk. In early March, the high court of Podgorica, the capital of Montenegro, decided that Do Kwon's extradition would be to South Korea. This move reversed an earlier decision to send Do Kwon to the United States to face fraud charges related to the collapse of the Terra-Luna ecosystem, The Block previously reported.
Investors in the Terra ecosystem and victims of its collapse hope to see Do Kwon tried in the United States, where they expect he would face a harsher punishment than in South Korea. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.
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Do Kwon Appeal of South Korea Extradition Rejected by Montenegro CourtSandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.
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