In a recent development in Podgorica, Montenegro, the trial involving Terraform Labs co-founder Kwon Do-hyung, also known as Do Kwon, has reached a new turning point. Montenegro’s High Court approved his extradition, responding to requests from the United States and South Korea. The decision was quickly appealed by Kwon’s legal team.
The High Court of Montenegro on November 24 authorized the extradition of Kwon Do-hyung, in accordance with extradition requests from U.S. and South Korean authorities who are pursuing Kwon for alleged financial misconduct related to Terraform Labs. Contesting this decision, Do Kwon filed an appeal on December 6, as reported by Digital Assets, a South Korean media outlet. Kwon expressed his disagreement with the court’s decision, saying, “I do not accept the court’s decision to extradite me.” »
Marija Rakovic, press secretary of the Podgorica High Court, stressed that people involved in extradition cases, like Kwon, have the right to appeal the court’s decisions. Montenegro’s Court of Appeal is now tasked with reviewing the extradition decision taking into account Kwon’s appeal, which could delay the final decision on his extradition, which was initially scheduled for December 15.
Detention and public attention:
Since the June 15 order ordering Kwon’s detention pending extradition, he has been held in detention, with this period due to end on December 15, or six months of detention. The case has attracted much attention in Montenegro, with local journalists reporting a general sense of burden among judicial and government authorities due to the high-profile nature of Kwon’s case.
Despite the appeal, there is speculation that Kwon could be extradited to Korea or the United States by January next year. Amid these developments, questions have been raised about Kwon Do-hyung’s willingness to comply with the extradition judgment, raised by various parties, including the Montenegrin court, the Ministry of Justice, and Kwon’s legal representatives. .