Do Kwon faces fraud charges in the United States and South Korea as authorities compete to extradite the Terraform Labs co-founder.
The Supreme Court of Montenegro has ordered that the extradition of Terraform Labs co-founder Do Kwon to his native South Korea be postponed until it can decide on a request from prosecutors.
In a March 22 notice, Montenegro’s Council of the Supreme Court said it would decide on a request for a protection of legality for a lower court decision that would have allowed Kwon’s extradition to South Korea. Prosecutors argued in the request that an appellate court violated procedure in rejecting an appeal from Kwon’s legal team, claiming only Montenegro’s Supreme Court had the authority to adopt a legal decision.
Kwon, a South Korean national, has seemingly preferred extradition to his native country rather than the United States. He faces criminal charges in both countries but has been in Montenegrin custody since his arrest in the country in March 2023 for using falsified travel documents. Authorities are weighing competing extradition requests.
