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International Business Times

Business

Marvie Basilan

US Gains Chance In Do Kwon Case After Montenegro Challenges S. Korea Extradition

Do Kwon United States SEC Montenegro Terraform Labs South Korea Crypto the High Court the Supreme Court

Do Kwon (C) was arrested in Montenegro in 2023 and is wanted in South Korea and the United States over the collapse of Terraform's cryptocurrencies. (Credit: AFP)

KEY POINTS

The state prosecutor said the High Court may have exceeded "the limits of its powers" in the decision
It proposed to have the Court change its decision regarding Kwon's extradition to South Korea
Just a day earlier, the appeals court confirmed the Terraform Labs founder will be extradited to his home country

The United States may still be able to get fallen crypto magnate Do Kwon extradited to the country after Montenegro's top prosecutor's office challenged the High Court's decision to allow the Terraform Labs founder's extradition to his home country.

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