Terraform Labs co-founder Do Kwon could face “several criminal offenses” in South Korea if his extradition from Montenegro moves forward.
Both the United States and South Korea filed competing requests for extraditing the Terraform Labs co-founder since his arrest in Montenegro in March 2023.it had upheld a decision from the country’s high court allowing Kwon to be extradited to South Korea, where he holds citizenship. The Terraform Labs co-founder could face “several criminal offenses” if the extradition moves forward.
“Deciding on the appeal of the defendant’s counsel, the panel of the Court of Appeals assessed that the first-instance court had correctly established that the request of the Republic of South Korea arrived earlier in the order of arrival compared to the request of the USA,” said the appellate court. “ made a decision allowing the extradition of the accused Do Kwon to South Korea.”
Authorities in Montenegro arrested Kwon in March 2023 for using falsified travel documents in March 2023. Since then, he has remained in the country as the United States and South KoreaThe criminal case against Kwon in the U.S., where he faces eight felony counts, will likely be moving forward even if he is not able to appear in person. A Montenegrin court ruled in February that Kwon be extradited to the U.S.
It’s unclear what, if any, legal maneuvers Kwon’s lawyers have at their disposal to fight the extradition to South Korea. The country’s government has beenBTC price dip hits 17.5% as week’s Bitcoin ETF net outflows near $500M
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