Montenegro appeals court docket has reversed the order to extradite Do Kwon, the cryptocurrency entrepreneur, to South Korea. Kwon is needed over the collapse of Terraform Labs, which led to important monetary losses.
Montenegro Courtroom Blocks Do Kwon Extradition
For months, each Seoul and Washington sought Kwon’s extradition as a consequence of his suspected position within the fraud linked to his firm’s downfall. The collapse of Terraform Labs worn out about $40 billion of buyers’ cash, shaking international crypto markets. Nevertheless, the Appeals Courtroom of Montenegro accepted the appeals of Kwon and his protection attorneys, revoking the sooner determination by the Excessive Courtroom in Podgorica.
The ruling returned the case to the first-instance court docket for retrial and determination. This determination got here after a number of court docket choices appeared to clear the trail for Kwon’s extradition. Kwon, whose actual title is Kwon Do-hyung, had been on the run for months after fleeing South Korea and Singapore earlier than the corporate’s crash in 2022.
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