Montenegro Court Revokes Extradition of Terraform’s Do Kwon. It has been decided by a court in Montenegro that Do Kwon, who was a co-founder of Terraform Labs, will not be extradited to either the United States of America or South Korea. The Appellate Court of Montenegro issued an official declaration on December 19 that declared the decision of the High Court of Podgorica to approve Kwon’s extradition to either the United States or South Korea to be null and void. The judgment was made on December 14.
Even though the High Court of Podgorica established the required legal reasons for Kwon’s extradition in November 2023, the minister of justice of Montenegro shall continue to be responsible for making the ultimate decision about Kwon’s extradition.
New Extradition Trial
According to the most recent decision handed down by the court of appeals, the legal team representing Kwon has been successful in their request, and the case ought to be remanded to the Basic Court of Podgorica for a fresh trial.
The panel of the Appellate Court specifically found that a “significant violation of the provisions” of Montenegro’s Criminal Procedure Code had influenced the High Court of Podgorica’s previous ruling. The appellate court came to this conclusion.
In March 2023, Kwon attempted to depart Montenegro by utilizing forged travel credentials. Therefore, he was taken into custody. Kwon, the co-founder of Terraform Labs, has been the subject of statements from several sectors suggesting that he may be subject to nuseveralty in both South Korea and the United States. Both countries have lately made requests for his extradition.
Daniel Shin, another co-founder of Terraform, was accused of taking advantage of investors by engaging in fraudulent activities. Shin asserted at his trial in October 2023 in the Seoul Southern District Court of South Korea that he was not connected to the disaster. Shin had left Terraform in 2020 “for business reasons,” according to Shin’s testimony.