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Crypto Kingpin’s Last Stand: The Legal Maze of Do Kwon’s Extradition
In a twist-filled saga, Do Kwon, the founder of Terraform Labs, finds himself at the center of a legal storm in Montenegro. Once a crypto titan, Kwon’s empire crumbled when Terra (LUNA) collapsed, wiping out $40 billion and triggering a global manhunt. Captured in March 2023, Kwon now faces the prospect of extradition—but to where?
South Korea, eager to hold Kwon accountable for massive financial fraud, sought his extradition. The U.S. also made its claim, complicating matters. Montenegro’s High Court initially greenlit Kwon’s return to South Korea, but the Supreme Court’s recent intervention on August 8, 2024, has thrown the case into chaos.
The Supreme State Prosecutor’s Office (VDT) questioned the legality of previous rulings, leading the court to pause the extradition process. Kwon’s defense, led by attorney Goran Radić, highlighted inconsistencies in the court decisions—first favoring the U.S., then South Korea—arguing these shifts raised serious legal concerns.
Now, with seven court decisions already on record, Montenegro’s Minister of Justice holds the final say. The world watches closely as this high-stakes legal drama unfolds, determining not just Kwon’s fate, but also the future of international justice in the cryptocurrency realm.
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