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Supreme Court of Montenegro stops extradition of Terra founder Do Kwon to South Korea
The decision of the Supreme Court of Montenegro to postpone the extradition of former Terra (LUNA) founder Do Kwon to South Korea is examined in this article. According to a new statement, the Supreme Court of Montenegro has overturned a previous ruling that had approved the extradition process for Kwon. The court argues that the lower courts failed to follow the law. Kwon was originally arrested in Montenegro for attempting to enter the United Arab Emirates using a fake Costa Rican passport. He faces criminal charges in the United States and South Korea related to the multibillion-dollar collapse of Terra and its stablecoin.
Supreme Court of Montenegro stops extradition of Terra founder Do Kwon to South Korea
Montenegro's highest jurisdiction postpones extradition of fallen Terra (LUNA) founder Do Kwon to South Korea. Montenegro's Supreme Court is revoking an earlier decision that had approved the extradition process to send Kwon back to his native South Korea, where he is wanted for alleged crimes related to the 2022 collapse of the Terra ecosystem, according to a new statement.
The Supreme Court argues that lower courts did not follow the law when they initially approved Kwon's extradition.
“In the specific case, the court, contrary to the law, conducted abbreviated instead of regular procedures and made a decision on extradition, which is the exclusive responsibility of the Minister of Justice, by exceeding its authority,” the memo said.
In addition, the Supreme Court argues that the proceedings violated the law when the appeal court did not hear the prosecutor.
“The request for protection of legality was also made because the appeal court did not hear the prosecutor in the Supreme Public Prosecutor’s Office in the appeal proceedings, contrary to the provisions of the [Law], which stipulates that only the Supreme Public Prosecutor’s Office acts before the appeal court.”
Kwon was arrested in Montenegro in March 2023 after attempting to fly to Dubai on a fake Costa Rican passport. He faces criminal charges in the United States and South Korea related to the multi-billion dollar collapse of Terra and its stablecoin.
Just this month, Kwon's extradition to the United States was also overturned due to procedural errors.
| Montenegro court decision | impact |
|---|---|
| Extradition approved | Kwon should be sent to South Korea |
| Supreme Court of Montenegro revokes extradition | Kwon is staying in Montenegro for now |
| Procedural errors in extradition | Uncertainty about the further course of the case |
It remains to be seen how the case will develop and whether Kwon will ultimately be extradited to South Korea or the United States. This decision could have implications for similar cases of cryptocurrency founders facing prosecution. It also highlights the complexities and legal challenges that exist in multinational cryptocurrency-related prosecutions.