coinspress.com
The extradition case involving Do Kwon, the founder of Terraform Labs responsible for the Terra (LUNA) collapse, took a turn as the Montenegro Appeals Court overturned the decision to send him to the United States or South Korea.
Kwon’s arrest in Montenegro in late March stemmed from allegations of using a falsified Costa Rican passport, a claim he refuted by stating he acquired it through legitimate means from an authorized agency.
Initial discussions surrounding his extradition centered on whether he would be sent to the US or South Korea, both countries seeking his prosecution related to the substantial collapse of the Terra ecosystem in 2022, amounting to $40 billion in losses.
Reports hinted at Montenegro’s Justice Minister, Andrej Milovic, leaning toward Kwon’s extradition to the US over South Korea.
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However, following a court’s approval for his extradition to both nations, Kwon appealed the ruling, leading to a retrial ordered by the Appeals Court in the Podgorica Basic Court due to a judge’s refusal to consider Kwon’s arguments.
The final decision regarding Kwon’s potential extradition now rests with Montenegro’s Justice Minister, Andrej Milovic, adding further uncertainty to the case.