Do Kwon New Appeal Continues To Be Launched To Oppose The Extradition To The US

Key Points:

• Do Kwon contests extradition to the U.S. and South Korea amid concerns over political influences on Montenegro’s local courts.
• Montenegro High Court, reversing its November decision, upholds the validity of extradition requests, prompting the Do Kwon new appeal.
• Kwon’s legal challenges stem from the collapse of Terraform Labs, which is facing criminal charges.

Do Kwon, co-founder of Terraform Labs, is persisting in his legal battle against extradition requests from the U.S. and South Korea, as reported by CoinDesk.

Do Kwon New Appeal Continues To Fight US Extradition

Kwon’s lawyer, Goran Rodic, expressed concerns over potential political pressures influencing local courts in favor of Kwon’s overseas transfer. This follows a recent decision by the Montenegro High Court on December 29, upholding the validity of the extradition requests.

Initially, Kwon had successfully appealed the High Court’s decision in November, arguing against the legal soundness of the extradition requests. However, the recent reversal has prompted the Do Kwon new appeal, with Rodic stating, “We appeal again, and now we are waiting for a new decision of the Court of Appeal.”

Do Kwon new appeal unfolds against the backdrop of the collapse of his multi-billion-dollar crypto enterprise, Terraform Labs, in May 2022. Both U.S. and South Korean authorities have leveled criminal charges, including fraud, against Kwon. He and an associate were arrested in Montenegro last year for possession of falsified official documents, resulting in a four-month prison sentence. While serving time in Montenegro, Kwon’s extradition destination remains pending approval by the country.

Rodic contends that the recent High Court decision “drastically violates the provisions of the law, the European Convention on Extradition, and the bilateral treaty with America on extradition.” He suggests potential political pressures on the court to the detriment of Do Kwon.

In light of these legal challenges, Kwon’s U.S. counsel has sought delays in a securities fraud trial, emphasizing Kwon’s desire to attend in person.