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Do Kwon’s Detention Prolonged Until 2024 As Montenegro Responds To Extradition Requests

Press Releases Crypto News Bitcoinist Do Kwon’s Detention Prolonged Until 2024 As Montenegro Responds To Extradition Requests

According to an International Business Times report, Montenegro’s Supreme Court decided to extend the detention of TerraForm Labs founder and CEO Do Kwon until February 2024, following extradition requests from the United States and South Korea.

Closed-Door Discussions Reveal Montenegro’s Plan For Do Kwon

Initially set to be extradited to the US on December 15, Do Kwon’s fate turned when the Montenegrin High Court ruled to prolong his stay until February 15, 2024.

The decision stems from charges related to the collapse of the TerraUSD stablecoin, which led to significant financial losses.

The High Court had previously ordered Kwon’s extradition by Friday, but his defense team appealed the decision in the appellate court in Podgorica, the capital of Montenegro.

The Montenegrin Court of Appeal confirmed that Kwon contested the High Court’s ruling, vehemently stating, “I do not submit to the court’s decision.”

Recent reports indicate that Montenegro’s Justice Minister, Andrej Milovic, had already privately determined the destination for Kwon’s extradition, with the United States being the likely choice.

According to the International Business Times report, this detail emerged during closed-door discussions, including a meeting with US Ambassador to Montenegro, Judy Rising Reinke.

Terra Founder’s Multinational Legal Battles

Do Kwon faces legal battles in multiple countries, including the United States, and Singapore. The US Securities and Exchange Commission (SEC) and other government agencies have charged him with various cri

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Author: Ronaldo Marquez

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