Montenegro’s court has finalized the decision to extradite Terraform Labs co-founder Do Kwon to South Korea, ending the international legal battle between the US and South Korea over his extradition.
Points
- Final ruling on Do Kwon’s extradition to South Korea.
- Rejection of the US extradition request.
- Legal complexities and implications for Do Kwon.
- Coordination with Interpol for a swift transfer.
The court in Podgorica, Montenegro, has issued a final ruling to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. This decision marks the end of a prolonged legal battle between the US and South Korea, both of which sought Kwon’s extradition following the $40 billion collapse of the Terra ecosystem in May 2022.
Ruling Cannot Be Appealed
On Thursday, the court rejected the US’s extradition request, affirming that Kwon should stand trial in South Korea. This ruling is definitive and cannot be appealed, expediting the process. Kwon’s legal representative, Goran Rodic, stated that Montenegro, with Interpol’s assistance, aims to facilitate the extradition as soon as possible.
Kwon’s Wife Gets Seized Property
In a related legal development, the Seoul Southern District Court ruled in favor of Do Kwon’s wife regarding the property seized by the South Korean government. The court determined that the property, acquired during their marriage, belongs to her and should not be part of the $177 million asset preservation order against Do Kwon.
Ties to Montenegrin Politics
Allegations have also surfaced linking Montenegrin Prime Minister Milojko Spajic to Terraform Labs. Reports suggest that Spajic was an early investor, having invested $75,000 in 2018 and received 750,000 Luna tokens in return. However, Spajic denies these claims, stating that the investment was made by the company he worked for at the time.
https://twitter.com/PawelSynapse/status/1819081371501187227
解説
- The finalization of Do Kwon’s extradition to South Korea highlights the complexities of international legal disputes, especially involving high-profile figures in the tech and cryptocurrency sectors.
- The court’s ruling not only concludes the legal battle but also sets a precedent for how such cases might be handled in the future, emphasizing the importance of swift and definitive legal resolutions.
- The involvement of prominent political figures and the scrutiny of their connections to the cryptocurrency industry reflect the broader implications of regulatory and legal frameworks on global markets.