Do Kwon, the co-founder of Terraform Labs, has successfully secured a second appeal against the decision of the Montenegro High Court, which initially upheld extradition requests from the United States and South Korea.
Initially, Kwon had won an appeal in November to overturn the High Court’s ruling favouring the extradition requests. However, the same court reversed its decision at the end of December, reinstating the extradition requests.
According to Kwon’s lawyer, Goran Rodic, who spoke to CoinDesk last month, Kwon’s legal team intends to challenge the High Court’s decision, citing concerns about political pressure influencing local courts to facilitate the extradition process.
In a recent development, Kwon’s former Chief Financial Officer at Terraform, Han Chang-Joon, was extradited to South Korea by Montenegrin authorities. This latest appeal marks a significant achievement in delaying a similar outcome for Kwon.
Kwon faced legal troubles following the collapse of Terraform Labs’ stablecoin, TerraUSD, in May 2022, leading to criminal charges from authorities in South Korea and the United States. He was apprehended in Montenegro last year for possession of forged official documents and received a four-month prison sentence. Currently serving his sentence, Kwon awaits Montenegrin authorities’ approval for his extradition and the determination of the extradition destination.