The Terraform Labs co-founder Do Kwon, who is supposed to be extradited from Montenegro after Dec. 15, has reportedly appealed against the court’s decision.
The downfall of Do Kwon’s empire marked the onset of the crypto winter in May 2022. As the market strives to recover from the repercussions of the Terra Luna collapse, Do Kwon is anticipating what the future holds for him.
Montenegrin Authorities to Re-examine Decision of Do Kwon Extradition
According to a Digital Assets report, Do Kwon appealed against the High Court of Podgorica’s decision of extradition, saying:
“I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
Due to Kwon’s appeal, the authorities must rework the extradition decision. However, there are fewer chances of any reversal in the extradition orders. A local journalist told Digital Assets:
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“It is highly likely that Kwon Do-hyung will eventually be extradited to either Korea or the United States sometime in January next year.
“Most Montenegrin government officials and judiciary officials feel burdened by the fact that Kwon Do-hyung is receiving attention because he is imprisoned in Montenegro.”
On Nov. 24, the court ruled that Do Kwon could be extradited after he finishes a four-month sentence for forgery of passports. His four-month sentence will end on Dec. 15.
South Korea and US authorities have requested Kwon’s custody. However, the final decision lies in the hands of Montenegrin authorities. Earlier, Kwon was willing to be sent to South Korea.
Do Kwon had been on the run from international authorities since September 2022. Finally, Montenegro authorities arrested him on March 23 at Podgorica Airport.
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