Montenegro Court Facilitates Extradition of Do Kwon to South Korea

On August 1, according to Bloomberg, Montenegro's appellate court upheld the decision to extradite Do Kwon, co-founder of Terraform Labs Pte., to his home country of South Korea, rejecting the request to extradite him to the U.S.

Thursday's ruling is the latest in a series of decisions for Montenegro, which is facing dual requests from the U.S. and South Korea for the extradition of the disgraced crypto mogul. The Podgorica court stated in a Thursday statement that there were no appeals against the decision.

The ruling also maintained the expedited extradition procedures previously issued by another Montenegrin court. After the ruling was announced, Do Kwon's lawyer, Goran Rodic, told Bloomberg that Montenegro would arrange the extradition with the assistance of Interpol and expressed hope that the process could be completed "as soon as possible."

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