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Do Kwon

Extradition Denied: Do Kwon Escapes US Jurisdiction As Montenegro Decision Announced

Ronaldo Marquez
by Ronaldo Marquez
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a significant turn of events, Do Kwon, the founder of Terraform Labs, has once again evaded extradition to the United States as the Montenegro government reversed its decision. 

The US Securities and Exchange Commission (SEC) had been pushing for charges against Kwon, with March 25th being the deadline for the Montenegro government to take action.

Appellate Court Overturns Extradition Ruling

According to a press release issued by the Montenegrin Court of Appeal on Thursday, the panel accepted the appeal filed by Do Kwon’s defense attorneys in a February 7, 2023, session. 

As a result, the court annulled the previous decision made by the High Court in Podgorica on December 29, 2023, and sent the case back to the first-instance court for a retrial and a new verdict.

Related Reading: Crypto Migration: Chinese Miners Flock To Ethiopia For Cool Climate, Cheap Electricity, And Hot Profits

The initial ruling by the Higher Court in Podgorica in Do Kwon’s case had determined that the legal requirements for Kwon’s extradition had been met based on multiple criminal offenses alleged by the Republic of South Korea and the pleas made by the United States. 

However, the Appellate Court panel found significant violations of criminal procedure in the decision, citing “incomprehensible wording,” lack of decisive facts, and “unclear” reasons as grounds for its cancellation.

Do Kwon’s Journey Through Montenegro’s Legal System

The panel noted that the first instance court failed to acknowledge that this particular case followed a shortened extradition procedure, where the court, by Article 29 of the law on international legal assistance in criminal matters, is responsible for making the extradition decision rather than the Minister of Justice as in regular procedures. 

The statement highlights that the Court of First Instance also failed to establish without doubt the order of arrival of extradition requests from both the Republic of South Korea and the United States, which is a “crucial criterion” when determining the terms of Article 26 of the aforementioned law in cases involving extradition requests from multiple countries for the same individual.

Related Reading: NBA, Mark Cuban Sued Over Voyager Crypto Deal

Do Kwon was initially arrested in Montenegro in March on charges of using a fake passport in an attempt to leave the country. However, pending trial, he was released from jail on bail amounting to $436,000 in May. 

In June, a Montenegro court found him guilty of document forgery, resulting in a four-month prison sentence. Despite his appeal, which was subsequently denied, Kwon was ultimately sentenced to four months in November.

The latest decision by the Montenegrin Court of Appeal has become a significant relief for Do Kwon, as it effectively blocks his extradition to the United States. The case will now undergo retrial, and the outcome will determine the future course of action regarding the charges against him.

Do Kwon
The daily chart shows LUNC’s uptrend over the past 14 days. Source: LUNCUSDT on TradingView.com

The original native token LUNCA, renamed LUNCA Classic (LUNC), is currently trading at $0.0001096. It has experienced a gain of over 2% in the past 24 hours and a significant upward trend of 18% over the past fourteen days.

Featured image from MoneyWeek, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ronaldo Marquez

Ronaldo Marquez

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Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

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