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Montenegro Supreme Court overturns decision on Do Kwon's extradition as NY civil case continues

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Do Kwon News

Terraform Labs

The Supreme Court of Montenegro overturned a decision made by the lower courts concerning the extradition of Do Kwon.

The Supreme Court of Montenegro overturned a decision made by the lower courts concerning the extradition of Terraform Labs co-founder Do Kwon to the U.S. or South Korea.

Kwon, who is facing criminal charges in both the U.S. and South Korea, was arrested in Montenegro in March 2023 for using a counterfeit passport while attempting to exit the country. Montenegro's government plans to approve extradition to the U.S., a person close to the matter told Bloomberg in late February. Meanwhile, a civil case involving the Securities and Exchange Commission is forging ahead without Kwon in New York. The Securities and Exchange Commission charged Terraform and Kwon in February 2023 over the algorithmic stablecoin Terra USD, which collapsed dramatically in 2022.

 

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