The founding father of Terraform Labs, the crypto agency behind the Terra (LUNA) collapse has gained an enchantment in Montenegro over being extradited to america.
Based on a press release from the Montenegro Appeals Court docket, the choice to extradite Terra founder Do Kwon to the US or South Korea has been overturned.
Kwon was initially arrested by authorities in Montenegro in late March for utilizing a pretend Costa Rican passport, although he argued in courtroom that he obtained the passport via a authentic company.
On the time, Montenegro was reportedly contemplating extraditing Kwon to the US. Montenegro Justice Minister Andrej Milovic allegedly expressed a desire for sending Kwon to the US fairly than South Korea, which additionally seeks to prosecute him.
Each the US and South Korea need him extradited to face fraud costs associated to the $40 billion collapse of the Terra ecosystem in 2022.
After a courtroom in Montenegro permitted Kwon’s extradition to each international locations, Kwon appealed the ruling. After profitable the enchantment, the Appeals Court docket ordered a retrial within the Podgorica Fundamental Court docket attributable to a choose who refused to listen to Kwon’s arguments.
Montenegro Justice Minister Andrej Milovic could have the ultimate determination on the place Kwon is extradited, if in any respect.
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