Montenegrin court approves Do Kwon’s extradition once again

A Montenegrin court has again moved forward with Do Kwon’s extradition after it was annulled last week.

According to the local reports from South Korea, the extradition case now lies in the hands of Justice Minister Andrej Milovic, whose previous statements suggest a leaning towards Terraform Labs Co-Founder Do Kwon’s extradition to the U.S.

The Podgorica High Court confirmed that the legal requirements for Do Kwon’s extradition to both South Korea and the United States have been met. Despite Kwon’s potential appeal, the minister’s stance and the court’s ruling signal a growing likelihood of his extradition to the United States.

Do Kwon disappeared shortly before the Terra and Luna cryptocurrency crashed in April 2022. Last week, the SEC found him and Terraform Labs guilty of deceiving investors about UST’s stability.

Do Kwon was arrested in Montenegro in March 2023 for using a forged passport. Following a four-month prison sentence, he was transferred to a detention center for foreigners.

On April 5, Montenegro’s Supreme Court overturned the initial decision to transfer Do Kwon back to South Korea, restarting the extradition procedure from scratch.