Do Kwon’s Extradition Case Takes Yet ANOTHER TURN
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March 5, 2024 2:43 pm
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Do Kwon’s extradition case has taken yet another turn.
The courts in Montenegro have reversed the decision to extradite the Terraform Labs co-founder several times now. Most recently, the court ruled that Do Kwon should be extradited to the United States.
In short, Do Kwon has won his appeal and will not be facing extradition to the United States, but will his victory last? We have already seen the court flip-flop on whether or not to extradite the crypto entrepreneur so many times.
Crypto enthusiasts and members of the Terraform community have been patiently watching his extradition cases in the hopes that he will eventually secure release.
What happens next in the unfolding saga of Do Kwon is anyone’s guess—perhaps next week we will see reports that the court has once again reversed this recent decision not to extradite. Here’s more on the story:
Terraform Labs founder, Do Kwon, has won his appeal against extradition to the US.🇺🇸
Last month, Kwon challenged the decision to extradite him to face fraud charges related to Terra's $60 billion collapse in May 2022.🔎
— Moby Media (@mobymedia) March 5, 2024
BREAKING NEWS: The Montenegrin Court of Appeals rejected the lower court's decision requesting the extradition of Do Kwon to the United States.
*⃣ The news is breaking news on crypto pages all over the world. We can say that it is confirmed.
🔶 #LUNC #USTC $LUNC pic.twitter.com/PmQuviBajM
— Crypto News Portal (@TerraNewsEN) March 5, 2024
CoinDesk provided a portion of the court ruling:
According to the announcement, the case is heading for a retrial because “there are no clear and valid reasons for decisive facts regarding the order of arrival of requests” for extradition from the U.S. and South Korea.
Those in the Terra community celebrated Do Kwon’s recent legal victory and posited the news as bullish for Luna Classic (LUNC) and the broader Terra ecosystem.
Terra Classic Community ,
Its LUNC time !
Do Kwon’s extradition from Montenegro to the US revoked on appeal, sparked a surge throughout the Terra Ecosystem.$LUNC #LunaClassic #USTC pic.twitter.com/7d1SJ6hHcs
— Terra Classic Community (@marketinglunc) March 5, 2024
Imagine that he was acquitted and released…
#DoKwon #LUNC #USTC #LUNA pic.twitter.com/zBZf1IXw65
— Crypto News Portal (@TerraNewsEN) March 5, 2024
Coin Telegraph added:
The High Court of Podgorica previously determined the legal requirements for Kwon’s extradition in November 2023, leaving the final decision on Kwon’s extradition to the minister of justice of Montenegro.
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