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Published March 6, 20242 min read

Do Kwon's Extradition Overturned Again by Montenegro Supreme Court

CoinMooner Team

In a recent news article from our team at Coinmooner, we want to share the latest developments in the story involving Terraform Labs co-founder, Do Kwon. Currently, he's facing serious legal troubles related to the TerraUSD crisis and his case with the SEC. You can learn more about this in our article titled "Official Statement: Terraform Labs and the Path to Bankruptcy Declaration".

It's been revealed that Do Kwon, the co-founder of Terra, has achieved another victory regarding his extradition to the USA. The Supreme Court of Montenegro overturned the lower court's decision for the third time, specifically the decision regarding his extradition. This adds a new layer to the ongoing process that began with his arrest in March 2023. Kwon has been subject to extradition requests from both the USA and South Korea on charges related to fraud and financial crimes linked to the collapse of the Terra digital currencies. Our Coinmooner team has endeavored to gather detailed information about the legal process and the appellate court's decisions concerning Do Kwon.

The Appellate Court Panel of Montenegro made its decision on March 5, 2024, effectively overturning the decision for Do Kwon's extradition after a lengthy session. As mentioned earlier, this is the third instance where Kwon successfully challenged extradition decisions made by the Supreme Court of Montenegro, indicating his current reluctance to face trials in South Korea and the USA. This has raised questions among users and those affected.

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According to Do Kwon, this decision could be seen as a partial win for him. Legal procedures leading to the extradition decision in February in Montenegro didn't find any "major violations of the criminal process." It was stated that crucial documents in the extradition request lacked clear and justified grounds. Just a reminder, Montenegro's court had previously revoked the approval of Kwon's extradition in December 2023, pointing to the need for a new review in the Podgorica Basic Court. However, the Supreme Court of Podgorica set legal requirements for Kwon's extradition in November 2023, leaving the final decision to the Minister of Justice of Montenegro.

In addition to this, at the beginning of the criminal case against Kwon in Montenegro, he and another person were arrested at Podgorica airport in March 2023 while trying to fly to Dubai with fake Costa Rican passports. This naturally raised many questions online, as well as questions from prosecutors in New York, making him the subject of extradition requests.

Our Coinmooner team is happy to share additional information with our respected readers! We promise to stay on top of things and promptly report any events related to Do Kwon. Remember, it's important to verify information from various sources and analyze it from different perspectives. Also, don't forget about protecting your finances: use advanced security methods and stay vigilant in this rapidly growing Web3 industry.

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