United

Terra

Read

<div class="cryptonews"> 
 <p class="is-style-lead">The founder of Terraform Labs is fighting a court order mandating his extradition to either South Korea or the U.S. for criminal prosecution.</p> 
 <p>Do Kwon, a former international fugitive, submitted an appeal on Dec. 6, contesting the approval of his extradition issued by a High Court of Podgorica, Montenegro’s capital city.&nbsp;</p> 
 <p>The Terraform Labs founder reportedly stated that he does not submit to the <a rel="dofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a>’s ruling on his transfer to South Korea, his home country, or the U.S., where he is embroiled in litigation with the Securities and Exchange Commission (SEC).&nbsp;</p> 
 <p>Authorities must now consider his appeal and review the initial extradition order. Kwon’s filing at a Montenegrin Court of Appeal was submitted 11 days before authorities were set to decide his extradition destination on Dec. 15.&nbsp;</p> 
 <p>A Podgorica court previously ordered his removal from the country as crypto.news reported, following his incarceration in a Balkan prison for travel document forgery.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Do Kwon fights SEC summons over Terra ecosystem collapse 
 </div> 
 <p>The <a rel="dofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a> sentenced Kwon to four months in jail along with Han Chang-Joon, a former Terra executive. Kwon’s sentence was then increased to six months as authorities bought time to decide where he would be deported. Notably, Kwon’s bid for release from his prison sentence was denied.</p> 
 <p>According to South Korean media outlet Digital Works, Terra’s previous CEO preferred <a rel="dofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> to South Korea rather than the United States. A local Montenegrin source told the platform that Kwon’s <a rel="dofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> was likely happening in January 2024, barring any delays in <a rel="dofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a> rulings.</p> 
 <p>Meanwhile, the SEC asked for a summary judgment in its case against Do Kwon. However, Kwon’s lawyers may have additional ammunition to tackle the SEC’s case due to proceedings in a Utah federal <a rel="dofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a>. The SEC faces a potential sanction due to contentious conduct in its case against Digital Licensing Inc.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Terraform Labs highlights SEC’s potential sanction in Do Kwon’s case 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/do-kwon-appeals-extradition-decision-from-montenegrin-high-court-tbt72830.html">https://thebittimes.com/do-kwon-appeals-extradition-decision-from-montenegrin-high-court-tbt72830.html</a></p>

Do Kwon appeals extradition decision from Montenegrin high court

TheBitTimes

Other articles published on Dec 6, 2023

LUNC Price: Will LUNC Price Hit New ATH in 2024 ?

Web3 Communication Networks Explained: Heres What You Need To Learn

BITCOIN Bulls at a Crossroads: To Halt or Not to Halt Is the Question

Bitget Welcomes Cetus Protocol (CETUS) to Its Growing List of Tokens (6 Dec)

DEBT Box to Request Dismissal of Case Amidst SEC Allegedly Lied

Bonk Surges to Become the Fourth Largest Meme Coin: What Sparked the Rise?

Join our free newsletter for daily crypto updates!