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Montenegro court suspends extradition of Terraform Labs co-founder Do Kwon

Lawyers for Terraform Labs co-founder Do Kwon have appealed the decision of the High Court of Podgorica, which opened the procedural possibility of extraditing the businessman to the United States or South Korea.

The extradition case of Do Kwon (Do Kwon) returned to the original court for a new review, Bloomberg reports, citing unnamed sources close to the proceedings. The reason for the decision was the protest of lawyers, who noticed new procedural errors, not taken into account in the decision of the High Court of Podgorica.

Meanwhile, the Ministry of Justice of Montenegro and its head Andrzej Milovic insist on the transfer of Kwon to the U.S. law enforcement agencies. The judicial authorities ruled that the businessman should be extradited to his home country, South Korea.

Throughout the protracted legal battle, officials from the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) have repeatedly insisted that Do Kwon be handed over and extradited to the United States. The day before, the Montenegrin DOJ and the SEC delegation, led by Director of Investigations Gurbir Grewal, met in Podgorica to discuss their next steps.