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International Business Times

Business

Marvie Basilan

Terra's Do Kwon Loses Bid To Stay In Montenegro, Court Confirms South Korea Extradition

Do Kwon Terra SEC South Korea Terraform Labs Montenegro Crypto Binance Terraform

Terraform Labs' Do Kwon will be extradited to South Korea after an appeals court rejected his attempt to block the extradition request. (Credit: YouTube Screenshot/ Terra Official YouTube Chanel)

KEY POINTS

The appeals court reiterated that South Korea's extradition request came earlier than that of the US
Kwon is faced with fraud-related charges in both countries following the crash of Terra and Luna
Terraform Labs has its own legal problems as the SEC recently questioned its 'suspicious' legal fees

Fallen cryptocurrency mogul Do Kwon will be extradited to South Korea whether he likes it or not, the Appellate Court of Montenegro confirmed Wednesday, despite the attempt of the Terraform Labs founder's legal counsel to block the extradition request.

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