2024-08-09
On August 8, 2024, the Montenegrin
Supreme Court delayed the extradition of Do Kwon, the co-founder of Terraform
Labs, to South Korea.
This decision was made in response to a
request from the Supreme State Prosecutor’s Office, which called for a review
under the “protection of legality” procedure.
The court has postponed the extradition
until it can thoroughly examine whether the conditions for extradition were
legally met by the lower courts.
This delay marks the second time this
year that Montenegro's Supreme Court has halted Kwon's extradition.
Earlier, in June, the High Court in
Podgorica ruled in favor of extraditing Kwon to South Korea rather than the
United States, which also seeks his extradition on fraud charges related to the
collapse of Terra and its associated stablecoin.
Do Kwon has been in Montenegrin custody
since March 2023 after being arrested for attempting to travel with falsified
documents.
The court's decision to delay the
extradition leaves the situation uncertain, with both South Korea and the
United States vying for jurisdiction to try Kwon on multiple criminal charges.
The Supreme Court’s final decision on
this matter is expected to be made within the legal deadlines, but no specific
date has been provided
