Key Takeaways
- The High Court of Podgorica has approved Do Kwon's extradition, giving his legal team three days to appeal the decision;
- Previous confirmation of Kwon's extradition to South Korea was invalidated by the Supreme Court;
- The destination for Kwon's extradition remains undetermined, pending requests from South Korea and the United States.
The High Court of Podgorica has once again approved the extradition of Do Kwon, co-founder of Terraform Labs.
Kwon's legal team has the possibility to appeal the judgment within three days.
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The Montenegrin court has already confirmed his extradition to South Korea; however, the Supreme Court invalidated this verdict, so the extradition process has started again from the beginning.
The destination of the extradition is yet to be determined, with requests pending from South Korea and the United States; this decision now rests with Montenegro's Minister of Justice, Andrej Milovic.
The minister has previously stated that it would be a political decision, as reported by local news. This signals that Kwon's extradition to the US is likely, as it is a key foreign policy partner of Montenegro. Milovic added:
We want to sign a bilateral extradition agreement as soon as possible, to create a legal framework for future extraditions.
A recent update on Do Kwon's legal situation in the US is that jurors declared him liable on five counts of fraud on April 5 after a nine-day trial, which Kwon could not attend.
As the final decision is approaching, the extradition proceedings move beyond the court, illustrating the complexities of international diplomacy and legal collaboration.
