Breaking: Terra Co-Founder Do Kwon’s Extradition Revoked By Montenegro Court

The Court of Appeals of Montenegro revokes a decision by High Court to extradite Terra co-founder Do Kwon to South Korea or the US.
By Varinder Singh
Breaking: Terra's Do Kwon Extradition Revoked By Montenegro Court

Highlights

  • Terra co-founder Do Kwon's appeal against extradition is revoked by Montenegro court
  • The appellate court agreed to significant violations of the provisions of criminal procedure decision by a high court
  • The extradition decision will be taken by the courts not the Minister of Justice

Terra’s co-founder Do Kwon’s appeal to reject extradition has been accepted by a Montenegro court, returning the case to the first instance to the court for retrial and decision.

Advertisement
Advertisement

Montenegro Court Accepts Do Kwon’s Appeal

The Court of Appeals of Montenegro revoked a previous decision by Montenegro High Court to extradite Do Kwon to South Korea and the United States, as per a filing on February 8. The court annulled the decision and returned the case to the court of first instance for retrial.

Do Kwon’s appeal was accepted by the appellate court due to significant violations of the provisions of criminal procedure decision. The court agreed with Do Kwon’s attorneys that the “wording of the decision is incomprehensible”. The trial court failed to clearly handle South Korea and the United States’ extradition requests. Also, the high court failed to apply the legal provisions of the extradition procedure correctly.

“In accordance with Article 29 of the Law on International Legal Assistance in Criminal Matters, and not the Minister of Justice, unlike the regular procedure, makes a decision on extradition,” stated the appellate court.

Also Read: Terra Classic Compulsory KYC for L1 Developers Proposal Officially Passed

Advertisement
Advertisement

Former Terra CFO Extradited to South Korea

Han Chang-joon, the former chief financial officer of Terraform Labs, has been extradited to South Korea after serving a prison sentence in Montenegro. He was arrested alongside Do Kwon in March 2023 at the Podgorica airport, attempting to escape from the country.

Han Chang-joon faces potential life imprisonment in South Korea due to the $60 billion Terra-LUNA crisis that collapsed the crypto market.

Meanwhile, the U.S. Securities and Exchange Commission’s (SEC) case against Terraform Labs and its co-founder Do Kwon was postponed. The delay of the civil trial to likely allow the authorities to extradite Do Kwon from Montenegro. Kwon’s legal representatives indicated his willingness to attend the trial in March and agreed to extradition.

Also Read: Robert Kiyosaki – Rich Dad Author’s Dire Warning on Banks Failure, Bitcoin an Only Option?

Advertisement
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.
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.