In a recent development that has caught the attention of the global crypto community, Do Kwon, the co-founder of Terraform Labs, has successfully won a second appeal against the Montenegro High Court’s decision to uphold extradition requests from both the U.S. and South Korea. This marks a significant milestone in Kwon’s ongoing legal saga.
Last month, it was revealed that Kwon’s legal team was gearing up to challenge the High Court’s decision, citing concerns over political pressure influencing the court’s rulings. This determination to fight the decision has now paid off, showcasing a resilient defense strategy.
The tale took another turn when former CFO of Terraform, Han Chang-Joon, was extradited to South Korea by Montenegrin authorities. However, Kwon’s latest legal victory represents a crucial reprieve, delaying any potential extradition for him.
This legal drama unfolds in the aftermath of the TerraUSD stablecoin’s collapse in May 2022, which led to criminal charges against Kwon in both South Korea and the U.S. Kwon, who was arrested in Montenegro for possession of falsified documents, is currently serving a four-month prison sentence. The Montenegrin authorities’ decision on his extradition remains pending.