In a significant legal development, the High Court in Podgorica has decided to extradite former Terraform Labs CEO Do Kwon to the United States, prioritizing the US extradition request over South Korea’s.
The High Court’s decision was influenced by a directive from the Appeals Court, which urged a definitive ruling on Do Kwon’s extradition destination. Despite arguments for extradition to South Korea based on legal precedents and international agreements, the court opted for the US extradition.
Political Dimensions of the Decision
Montenegro’s Justice Minister Andrej Milović hinted at political factors, citing the strong diplomatic ties between Montenegro and the United States. Strengthening legal frameworks for future extraditions between the two nations also played a role in the decision.
Legal Troubles and Arrest
Do Kwon’s arrest at Podgorica airport last year, along with associate Han Chang-joon, revealed their attempt to flee using counterfeit passports. Additional Belgian travel documents found during a police search added complexity to their legal situation.
Do Kwon faces serious charges in the US, including wire fraud, commodities fraud, and securities fraud, along with conspiracy charges related to fraud and market manipulation. These charges parallel those he faces in South Korea, highlighting the gravity and international nature of the allegations against him.
