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International Business Times
International Business Times
Business
Marvie Basilan

Terra's Do Kwon Wins Appeal Against US Extradition

Do Kwon Terra United States Terraform Labs Montenegro SEC South Korea The United States
Do Kwon was arrested in Montenegro in March 2023 after being caught trying to catch a flight using fake Costa Rican travel documents. (Credit: AFP)

KEY POINTS

  • The case will now return to square one for retrial and decision
  • The U.S. and South Korea both filed to get Kwon extradited just days after his arrest
  • Kwon is faced with eight separate charges in the U.S., including wire fraud

Do Kwon, the co-founder of collapsed blockchain protocol and payments platform Terraform Labs, may not be extradited to the United States anytime soon as a Montenegro court overturned an earlier decision of a Podgorica court to allow for the ex-crypto mogul's U.S. extradition.

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