Crypto News

Breaking: Do Kwon To Appeal Passport Forgery Case In Supreme Court, Delaying Extradition

Terra co-founder Do Kwon's extradition is to be delayed as lawyers thinking to appeal the passport forgery case in Montenego's Supreme Court.
Published by
Breaking: Do Kwon To Appeal Passport Forgery Case In Supreme Court, Delaying Extradition

Terra co-founder Do Kwon’s extradition will likely be delayed as Montenegro authorities prioritize the passport forgery case, while Do Kwon’s lawyers thinking to appeal the case in Supreme Court. The court procedure for the extradition process hasn’t started yet, a lawyer representing Do Kwon said on Wednesday.

Montenegrin lawyer representing Do Kwon in the passport forgery case said a first-instance judgment appeal has been submitted to a Montenegro court. If they lose the case, they will file an appeal to Montenegro’s Supreme Court, reported South Korea’s media on March 29.

On March 25, Do Kwon’s lawyer filed an appeal against the court’s decision to extend the detention to 30 days, during the initial detention period of up to 72 hours. The judge is yet to decide whether to dismiss or accept the appeal.

On March 24, Montenegro’s court ordered an extension of the detention period for Terraform Labs CEO Do Kwon and CFO Han Chang-joon after both were arrested while trying to board a plane to Dubai using a Costa Rican passport.

Meanwhile, South Korean Embassy officials confirmed that Do Kwon “is in good health.” Embassy officials have also met with Montenegro officials and requested their cooperation in the extradition of Kwon.

Advertisement

Extradition of Do Kwon Likely Delayed

Do Kwon’s lawyer and prosecutors confirmed that the extradition process will begin only after the Montenegro court judicial process related to passport forgery is completed. The lawyer representing Do Kwon intends to lead the case in the Supreme Court, if the court’s decision in the passport forgery case is unsatisfactory.

The extradition process hasn’t started yet. The extradition requests by South Korea, the U.S., and Singapore will be considered in a separate court procedure after a decision in the passport forgery case. According to Montenegrin law, forging a passport can result in a prison sentence of up to 5 years.

Prosecutor Haris Shabotich of the Podgorica District Prosecutor’s Office is investigating the counterfeit passport case. Do Kwon hired two lawyers in Montenegro, Voislav Zetsevich representing Kwon and Branko Angelich for both.

Meanwhile, South Korean and Serbian prosecutors are investigating whether the crypto business established in Serbia by Do Kwon and Han Chang-joon was used for money laundering. On Monday, Seoul Southern District Prosecutors’ Office confirmed seeking an arrest warrant against Daniel Shin, co-founder of Terraform Labs.

Also Read: Cardano’s ADA Gives A Strong Bounceback With 10% Gains, What’s Next?

Advertisement
Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Crypto News

$12T Vanguard Still Skeptical of Bitcoin Despite Offering BTC ETFs, Calls It a ‘Digital Labubu’ Toy

Vanguard Group, which oversees about $12 trillion in assets, remains skeptical of Bitcoin despite allowing…

December 13, 2025
  • Crypto News

Breaking: OCC Grants Ripple Conditional Approval For Banking License

In a major Ripple news, the crypto firm has received a conditional approval from the…

December 12, 2025
  • Crypto News

Crypto ETF Issuer Bitwise Defends Michael Saylor’s Strategy, Urges MSCI Neutrality on DATs’ Inclusion

Crypto ETF issuer Bitwise has released a statement in support of digital asset treasuries (DATs),…

December 12, 2025
  • Crypto News

Fed’s Goolsbee “Optimistic” About More Rate Cuts Next Year Despite FOMC Dissent

Chicago Fed President Austan Goolsbee has indicated that he is open to supporting more rate…

December 12, 2025
  • Crypto News

Coinstore Unveils 5-Year Roadmap as Exchange Marks Fifth Anniversary

Coinstore, a leading crypto platform, will target three major aspects in its 5-year plan. These…

December 12, 2025
  • Crypto News

Dogecoin ETFs Fail to Attract Capital Despite Hype as Expert Maintains $1 Price for 2026

Dogecoin ETF products have had a hard time gaining interest from institutional investors. As a…

December 12, 2025