Both the United States and South Korea filed competing requests for extraditing the Terraform Labs co-founder since his arrest in Montenegro in March 2023.
A court in Montenegro has rejected an appeal from Terraform Labs co-founder Do Kwon that could have blocked his extradition to South Korea.
In a March 20 announcement, the Appellate Court of Montenegro said it had upheld a decision from the country’s high court allowing Kwon to be extradited to South Korea, where he holds citizenship. The Terraform Labs co-founder could face “several criminal offenses” if the extradition moves forward.
“Deciding on the appeal of the defendant’s counsel, the panel of the Court of Appeals assessed that the first-instance court had correctly established that the request of the Republic of South Korea arrived earlier in the order of arrival compared to the request of the USA,” said the appellate court. “[It] made a decision allowing the extradition of the accused Do Kwon to South Korea.”
