According to an International Business Times report, Montenegro’s Supreme Court decided to extend the detention of TerraForm Labs founder and CEO Do Kwon until February 2024, following extradition requests from the United States and South Korea.
Closed-Door Discussions Reveal Montenegro’s Plan For Do Kwon
Initially set to be extradited to the US on December 15, Do Kwon’s fate turned when the Montenegrin High Court ruled to prolong his stay until February 15, 2024.
The decision stems from charges related to the collapse of the TerraUSD stablecoin, which led to significant financial losses.
The High Court had previously ordered Kwon’s extradition by Friday, but his defense team appealed the decision in the appellate court in Podgorica, the capital of Montenegro.
The Montenegrin Court of Appeal confirmed that Kwon contested the High Court’s ruling, vehemently stating, “I do not submit to the court’s decision.”
Recent reports indicate that Montenegro’s Justice Minister,
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