Crypto News

Just-In: Montenegro Court Upheld Verdict Against Terra Co-Founder Do Kwon

Higher Court in Podgorica, Montenegro denied the appeals of the Basic State Prosecutor's Office and the defense attorneys of Do Kwon.
Published by
Just-In: Montenegro Court Upheld Verdict Against Terra Co-Founder Do Kwon

A Montenegro Higher Court upheld the verdict of the Basic Court against South Korean citizens Do Kwon and Han Chang-joon in June, sentencing them to four months imprisonment in a passport forgery lawsuit. Former Terra executives will also face extradition proceedings after the passport forgery case, with likely extradition to home country South Korea.

Advertisement

Montenegro Court Denies Appeal By Do Kwon and Han Chang-joon

The Higher Court in Podgorica, Montenegro denied the appeals of the Basic State Prosecutor’s Office and the defense attorneys of Do Kwon and Han Chang-joon against the verdict of the Basic Court as ‘unfounded’, reported local news outlets on November 16.

“The Council of the Higher Court in Podgorica indicated that the first-instance court correctly and completely determined the factual situation, that it correctly applied the Criminal Code of Montenegro, as well as that it determined and evaluated all the circumstances that have an influence on the choice of the criminal sanction and its amount,” as per a statement by the court.

The higher court asserts the basic court has carefully examined the gravity of the committed crime and the personality of the defendants as perpetrators.

Also Read: Terra Luna Classic Stops USTC Minting, LUNC Up 18% And LUNA 33%

Advertisement

Extradition to South Korea

In June, Goran Rodić, the lawyer representing Do Kwon and Han Chang-joon, said extradition proceedings are set to start soon. However, they will first focus on filing a complaint against the detention.

With the higher court rejected all appeals, the executives are likely to be extradited to South Korea. Meanwhile, a Montenegro High Court is also looking to extradite both South Korean citizens to their country as the court looks to expedite the extradition proceedings.

Also Read:

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

  • Bitcoin News

Peter Schiff Predicts Bitcoin Decline Will Extend Into December as BTC Closes Out Red November

Gold bug Peter Schiff has predicted that the Bitcoin price will likely continue to crash…

November 30, 2025
  • Crypto News

Robert Kiyosaki Recommends Bitcoin and Ethereum as Hedge Against Potential Global Crisis

'Rich Dad Poor Dad' author Robert Kiyosaki has again made a case for the two…

November 29, 2025
  • Crypto News

Arthur Hayes Predicts Bitcoin Rally To $500K By Next Year Over Fed Easing

BitMEX co-founder Arthur Hayes has predicted that Bitcoin's price could rally to $500,000 by the…

November 29, 2025
  • Crypto News

China Tightens Stance on Stablecoin and Crypto Payments With New Policy Talks

China is tightening its stance on digital assets again with regulators warning of rising risks…

November 29, 2025
  • Crypto News

Hyperliquid Team Moves $90M HYPE as Network Becomes Top Fee Chain

Hyperliquid logged another major on-chain development today after a team-linked wallet shifted $90 million worth…

November 29, 2025
  • Crypto News

Is Kalshi Manipulating Prediction Markets? Platform Hit With Lawsuit Over Violations

Kalshi has been accused of illegal sports gambling and manipulating the market. This comes as…

November 29, 2025