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Montenegro’s Constitutional Court unanimously rejected Terraform Labs’ co-founder Do Kwon’s entreaty regarding a verdict connected his extradition implicit ineligible issues, Korea JoongAng Daily reported connected Dec. 25.
The determination clears the way for Montenegro’s Justice Minister to find Kwon’s extradition destination, which is present expected to beryllium the US owed to the ministry’s established stance, the study added.
Kwon is besides wanted successful his location state of South Korea, wherever authorities person pursued him connected charges linked to the high-profile illness of the TerraUSD (UST) and Luna tokens successful May 2022.
Battle for extradition
Kwon was apprehended successful March 2023 aft being connected the tally for months. He was attempting to question done Montenegro utilizing a counterfeit passport, further complicating his ineligible troubles.
The US has been peculiarly vocal successful pursuing Kwon, seeking to clasp him accountable for his relation successful the implosion of Terraform Labs’ stablecoin ecosystem. A US tribunal fined Kwon $4.5 billion successful June after failing to settle the civilian suit with the US Securities and Exchange Commission.
However, South Korea has besides signaled beardown involvement successful prosecuting the crypto mogul, highlighting the planetary ramifications of the Terraform collapse. The Appellate Court antecedently upheld a determination to prioritize South Korea’s extradition petition implicit the US.
However, erstwhile Montenegrian Justice Minister Andrej Milović argued that Prime Minister Milojko Spajić used the extradition arsenic leverage for a 30-year concession for the country’s airports with South Korea.
The station Montenegro tribunal rejects Do Kwon’s extradition appeal appeared archetypal connected CryptoSlate.
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