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International Business Times

Business

Nica Osorio

Do Kwon Suffers Another Major Legal Defeat Amid Imminent Extradition From Montenegro

Do Kwon Montenegro Terraform Labs Lawsuit Singapore South Korea

KEY POINTS

Montenegro last month approved the extradition of Kwon to either the U.S. or his home country South Korea
Kwon is currently serving time in a Montenegro prison for possession of fake travel documents
Kwon's team appealed to the Singapore High Court to shift a class-action lawsuit into an arbitration proceeding but it was denied

Do Kwon, the disgraced co-founder of blockchain firm Terraform Labs (TFL), has suffered another major defeat after the Singapore High Court rejected his camp's petition seeking dismissal of a class-action lawsuit filed against him and his company in September 2022.

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Flydubai attack investigation widens as alleged hijacker’s training in New Zealand scrutinised

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One subscription that gives you access to news from hundreds of sites

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