The Montenegrin Court of Appeal has rejected a U.S. request to extradite former Terraform Labs CEO Kwon Do-kwon and ordered his extradition to South Korea.
The Montenegrin Court of Appeal has confirmed the late June ruling by the High Court in Podgorica. name He was released by the appeals court on Thursday.
Attorney Kwon, the court and prosecutors have been going back and forth for months about where to extradite the former executive. Attorney Kwon and his attorney According to reports He preferred his home country, Korea. The maximum sentence for financial criminals is typically between 30 and 40 years. The United States, on the other hand, follows the principle that courts can sentence defendants to consecutive sentences for each crime they are convicted of.
Kwon Eun Get arrested He was charged with using a forged passport in Montenegro in March 2023 while trying to board a flight to Dubai with forged Costa Rican travel documents.
Both the U.S. and South Korea are pursuing criminal charges against Kwon. The U.S. Securities and Exchange Commission Charged Terraform and Kwon Debate on Algorithmic Stablecoins, February 2023 soil 
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About the Author
Sarah is a reporter covering policy, regulation, and legal issues for The Block. Previously, Sarah was a securities regulation reporter at CQ Legal, where she first began reporting on cryptocurrencies. Sarah has also written for other financial publications, including The Bond Buyer and American Banker. She graduated from the University of Missouri with a degree in print and digital journalism. Sarah lives in Washington, D.C., and is an avid coffee drinker. You can follow her on Twitter @ForTheWynn.