Do Kwon Wins Second Chance to Appeal Extradition From Montenegro
The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.
Binary trading platforms with better performance and payouts
Do Kwon
The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.
Local courts may be facing political pressure regarding Kwon’s extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk.
The former CEO of Terra is being held in Montenegro after being caught in Podgorica’s airport with falsified documents.
A previous decision that legal requirements for extradition had been met was rejected by the country’s Appeals Court.
The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.
Minister will decide if Kwon will be extradited to the U.S. or South Korea.
The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.
The request follows a move by Kwon’s defense team to do the same.
Citadel said the claims by Terraform was filed to “deflect attention” from its alleged charges.