The Constitutional Court unanimously rejected the Constitution of Montenegro Terraform Labs co-founder Two quoins Appeal against ruling on his extradition due to legal issues, Korea Jong-Ang Daily It has been reported On December 25.
The report adds that the decision paves the way for Montenegro's justice minister to determine the destination of Coven's extradition, which is now expected to be the United States, given the ministry's stance.
Kwon is also wanted in his home country of South Korea, where authorities are looking for him on charges related to the TerraUSD crash.UST) and Luna Tokens in May 2022.
The battle for extradition
Kwon was arrested in March 2023 after months on the run. He was trying to travel through Montenegro using a fake passport, complicating his legal problems.
The United States has been particularly vocal in its pursuit of Kwon, seeking to hold him accountable for his role in the explosion of Terraform Labs' stablecoin ecosystem. An American court fined Kwon $4.5 billion In June after Failure to settle the account Civil litigation with the US Securities and Exchange Commission.
However, South Korea has also shown a strong interest in prosecuting the cryptocurrency giant, highlighting the global implications of Terraform's collapse. TAn appeals court previously upheld a decision to prioritize South Korea's extradition request over the United States.
However, former Montenegrin Justice Minister Andriy Milović argued that Prime Minister Milošević Spaić used a refund As a lever for the 30-year concession of the country's airports with South Korea.
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Gino Matos
Gino Matos is a law school graduate and seasoned journalist with six years of experience in the crypto industry. His expertise is primarily focused on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
