An appellate court docket in Montenegro has upheld the choice of a decrease court docket on the extradition case of Terraform Labs co-founder Do Kwon.
Kwon is dealing with felony prices in his native South Korea and the US stemming from the $40 billion crash of the TerraUSD stablecoin and its companion token, LUNA.
Each nations sought Kwon’s extradition after the disgraced cryptocurrency mogul was arrested in a Montenegrin airport in March 2023.
In June, the Excessive Courtroom of Podgorica dominated that Kwon needs to be handed over to South Korea and never the US because the extradition request from Kwon’s homeland arrived sooner than that of the US.
On Thursday, the appellate court docket introduced its assist for the Excessive Courtroom’s ruling and likewise famous that there was no enchantment in opposition to its determination.
Reads the translated assertion of the appellate court docket,
“In line with the evaluation of the Appellate Courtroom, the first-instance court docket accurately established the achievement of the authorized circumstances for extradition for each petitions in accordance with the provisions of the Legislation on Worldwide Authorized Help in Legal Issues and that the request of the Republic of Korea arrived earlier within the order of arrival in comparison with the request of the USA.”
The event comes months after the Montenegro Supreme Courtroom overturned a choice to extradite Kwon to South Korea due to procedural lapses within the decrease courts.
Citing Do Kwon’s lawyer Goran Rodic, Bloomberg reports that Montenegro will prepare the extradition with help from Interpol.
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