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Market News

Do Kwon’s Extradition Revoked By Montenegro Appeals Court

The Montenegro Court of Appeals rejected Do Kwon’s extradition order due to “unclear extradition reasons.”

Written By:
Gopal Solanky

Last updated: February 12, 2024 6:25 AM
Published December 19, 2023 1:04 PM
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Last updated: February 12, 2024 6:25 AM
Published December 19, 2023 1:04 PM
Do Kwon's Extradition Revoked By Montenegro Appeals Court

The Appeals Court of Montenegro has revoked the high court’s decision to approve Terra founder Do Kwon’s extradition to either the U.S. or South Korea.

According to the official release of December 19, the Appellate Court of Montenegro has accepted the appeal from the defense attorneys of Do Kwon and rejected the High Court’s decision to extradite Kwon.

The decision from the appeals court came after the Montenegro high court approved Kwon’s extradition request on November 24, which was dramatically appealed by Kwon earlier this month. 

While revoking the decision, the panel of the Court of Appeals stated that the High Court’s decision does not have reasons for decisive facts, and the reasons given are unclear, “which is the reason for its cancellation.” As per the official release, the case has now been sent back for retrial.

Kwon was detained and arrested in Montenegro in March 2023, and since then he has been under investigation over charges of attempting to falsify documents in order to leave the country.

The U.S. and South Korea, however, have requested the Montenegro government extradite him to their country as he faces a lawsuit over the crash of the multi-billion dollar project Terra (LUNA).

Also Read: Spanish Police Bust ISIS Crypto Funding Network

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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