Montenegro Appellate Court rejects Do Kwon's appeal of South Korean extradition

Quick Take

  • The Montenegro Appellate Court rejected Do Kwon’s appeal of his extradition to South Korea on Wednesday. 
  • The court made the decision based on South Korea placing the extradition request before the United States and other relevant legal criteria.

Terraform Labs founder Do Kwon found no success in appealing his extradition to South Korea. 

A court in the Balkan country of Montenegro rejected Do Kwon's appeal of his extradition to South Korea, according to an official statement. The Montenegro Appellate Court made the decision based on South Korea placing the extradition request before the United States, as well as other relevant legal criteria related to the extradition of the same person to several countries.

The decision now locks in his extradition to South Korea, forbidding the United States or Do Kwon to fight the decision further, Do Kwon's lawyer told CoinDesk

In early March, the high court of Podgorica, the capital of Montenegro, decided that Do Kwon's extradition would be to South Korea. This move reversed an earlier decision to send Do Kwon to the United States to face fraud charges related to the collapse of the Terra-Luna ecosystem, The Block previously reported. 

Investors in the Terra ecosystem and victims of its collapse hope to see Do Kwon tried in the United States, where they expect he would face a harsher punishment than in South Korea. 


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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