In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The Podgorica-based Appeals Court made the decision, which cited procedural irregularities and lack of clarity in its ruling.
The court’s decision came in response to an appeal filed by Do Kwon’s defense, which resulted in the case being sent back to the Supreme Court for reconsideration.
Do Kwon’s Extradition In Limbo
The appellate court’s ruling adds new uncertainty to extraditing Do Kwon. As reported by Bitcoinist, authorities last week extended Do Kwon’s extradition detention until mid-February, giving them time to decide whether he should be extradited to the United States or South Korea.
The final decision on Kwon’s destination rests with Montenegro’s justice minister, as both countries have indicted him on charges related to the collapse of TerraUSD, an algorithmic stablecoin, in 2022.
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