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Terraform’s Do Kwon mounts final ditch effort to keep away from extradition: Report

06 Dec 2023
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Terraform Labs co-founder Do Kwon has launched his closing try to enchantment a Montenegrin court docket’s resolution that might see him extradited from the nation. 

In a Dec. 6 report, native state media said that attorneys for Kwon had formally appealed the Nov. 24 resolution from the Excessive Court docket of Podgorica, which approved that Kwon could be extradited to both the USA or South Korea pending a closing resolution by the Montenegrin Ministry of Justice.

The Ministry of Justice will now think about the enchantment and reexamine the preliminary extradition order and is at present slated to make a closing resolution on the matter by Dec. 15.

Based on a Nov. 24 statement from the Excessive Court docket of Podogrica, Kwon expressed that he would like to be extradited the South Korea, moderately than the the USA.

Do Kwon mentioned he consented to being extradited to South Korea. Supply: Podgorica Excessive Court docket

Attorneys for Kwon first hit back at extradition requests from the U.S. on Sept. 28, claiming that any try to deport the beleaguered co-founder earlier than Oct. 13 could be “not possible” as a result of his ongoing detention in Montenegro.

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On Feb. 17, the U.S. Securities and Change Fee sued both Terraform Labs and Kwon for “orchestrating a multibillion-dollar crypto asset securities fraud.”

Kwon, together with former Terraform Labs chief monetary officer Han Chong-joon were arrested on March 23 at Podgorica airport for travelling with falsified journey documentation whereas making an attempt to depart for Dubai.

Kwon was later taken into extradition custody in Montenegro on June 15 and was ordered to six months imprisonment whereas the court docket mulled whether or not to extradite him to the U.S. or South Korea.

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