Following an ongoing saga for the Terraform Labs founder, Do Kwon’s extradition to South Korea has been postponed again. Kwon has been held in custody in Montenegro since last year.
For much of the last several years, Do Kwon has been an infamous name within the digital asset industry. The fall of Terraform Labs’ TerraUSD stablecoin exposed him as one of the world’s most well-known financial criminals. Moreover, his arrest in late March last year was perceived to be the start of bringing the former CEO to justice.
However, the process of bringing him to court has been incredibly long and complex. At first, Kwon was expected to be extradited to the United States. However, a change was made last March to extradite him to his native South Korea. Since that change was made, there have been numerous failed attempts to bring him there. The latest extraditing attempt was again postponed by Montenegro’s Supreme Court at the request of the country’s top prosecutor, Minister of Justice Andrej Milović, according to local media reports.
Do Kwon’s Extradition Delayed Yet Again
Terraform Labs’ former CFO has already been extradited to South Korea. Conversely, Do Kwon was arrested in Montenegro last year in possession of falsified documents. Now, many await his fate, and for Montenegrin authorities to approve his extradition. So far though, every attempt has failed.
While Kwon supposedly wants to go back to South Korea instead of the US. South Korea has lighter penalties for financial crimes and would be a much safer haven for him. However, the Montenegran authorities have yet to let go of the Terraform founder. The country is indeed split on which country to send Kwon to: the United States or South Korea.
Kwon’s Montenegrin defense attorney Goran Radić has not responded to requests for comment yet. However, he told Vijesti, a Montenegrin newspaper, that the continuous delays and seven court decisions in Kwon’s case represent a “judicial disgrace.”