Terraform’s Do Kwon Extradition Takes New Twist

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The situation with Do Kwon, Terraform Labs’ co-founder, regarding the ongoing legal issues, now faces a fresh development as the Minister of Justice decides his future.

Do Kwon’s protracted legal battle

Based on local news outlets’ accounts, the Montenegrin Supreme Court granted approval for Kwon’s extradition from the country for a second time.

In November, the High Court decided that Kwon met the necessary legal conditions based on examining extradition petitions from South Korea and the US. Yet, the local Supreme Court reversed this decision, leading the case to be returned to the High Court for further assessment.

As a result, the extradition proceedings need to be initiated anew. Ultimately, the fate of Kwon lies in the hands of Montenegro’s Justice Minister, Andrej Milovic, who will make the final call on whether to send Kwon to the United States or South Korea for trial.

When two countries are vying for the extradition of a suspect, it is the court’s role to assess whether the necessary conditions for extradition have been met. However, the ultimate decision to grant or prioritize extradition rests with the competent minister, not the court. (Supreme Court ruling)

Kwon and his legal team have a three-day deadline starting from the receipt of the High Court’s translated ruling to submit an appeal. It remains unclear if Kwon intends to pursue this option. There are rumors, however, that he could be extradited to the US instead. Minister Milovic has expressed his inclination towards this possibility.

Do Kwon’s arrest

After the collapse of TerraUSD and Luna, Kwon encountered legal problems. (This sentence retains the original meaning but uses simpler and more conversational language.)

He escaped to Montenegro via the UAE and Serbia, but was caught there for using a false passport. Subsequently, he served jail time and was moved to a facility while awaiting the outcome of the extradition proceedings.

Previously mentioned by U.Today, Kwon may potentially be sentenced to a maximum of 40 years in prison because of his involvement in the Terra LUNA Coin episode and the subsequent $40 billion crash of TerraUSD.

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2024-04-11 18:24