.The Montenegro court accepted the request of Do Kwon, co-founder of Terra. To refuse extradition, the case was returned to the court of first instance for retrial and decision making.
. Montenegro court accepts Do Kwon's appeal Montenegro's appeals court overturned an earlier decision by the Supreme Court to extradite Do Kwon to South Korea and the United States, according to a February 8 filing. The court annulled the decision and returned the case to the court of first instance for consideration.
. The Court of Appeal accepted Do Kwon's appeal for serious violations of the provisions of the Criminal Procedure Decision. The court agreed with Do Kwon’s lawyer that “the wording of the decision is incomprehensible.” The lower court failed to clearly address the extradition requests submitted by South Korea and the United States. The Supreme Court also failed to properly apply the legal provisions of extradition procedures.
. The Court of Appeal stated that “in accordance with Article 29 of the International Legal Assistance in Criminal Matters Act. It is not the Minister of Justice, contrary to normal procedure, who makes a decision on extradition.”
. Terraform Labs' former CFO Han Chang-jun, former CFO of Terraform Labs, has been extradited to South Korea. To South Korea after serving a prison sentence in Montenegro. He was arrested with Do Kwon in March 2023 at Podgorica Airport while trying to escape the country.
. Han Chang Jun faces possible life imprisonment in South Korea over the $60 billion Terra-LUNA crisis that led to the collapse of the cryptocurrency market.
. Meanwhile, the case brought by the US Securities and Exchange Commission (SEC) against Terraform Labs and its co-founder Do Kwon has been postponed. A delay in the civil trial will likely allow authorities to extradite Do Kwon from Montenegro. Kuhn's legal representatives indicated his willingness to attend trial in March and agreed to extradite him.
