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Terraform Labs co founder, Do Kwon’s legal challenges are taking a bit of extension. As the latest development unfolds, the Court of Appeals in Montenegro reportedly overturned a High Court decision to <a href="https://news.todayq.com/luna-tokens-drop-5-as-do-kwons-terraform-files-for-bankruptcy/" rel="noopener noreferrer nofollow">extradite Kwon</a> to the United States A win for Do Kwon? 
According to reports, the justice minister of South Korea has stated that the country is waiting for Montenegro to extradite Do Kwon. However, this comes after reports indicated that a Montenegrin court overturned a decision to extradite the jailed crypto entrepreneur.
It is important to note that the decision instead favored Kwon’s deportation to his native South Korea. Faller Terra founder has also expressed a preference for being deported to his nation.
As reports surface, Park Sung-jae, S.Korea’s Justice Minister stated that the court has not yet officially notified his country about the decision. However, once an official notice comes out, the Justice Ministry will take the actions required to come in line with Montenegrin authorities.
The United States authorities had decided to stand their ground. They will continue to seek the extradition of Do Kwon despite a big decision from the Montenegrin court’s decision. The Justice Department highlighted its commitment to go after the deportation of Terra founder under international and bilateral agreements. What’s next? 
Alleged responsible for the 2022 crypto market collapse, Do Kwon had been a fugitive from South Korean charges before being arrested in Montenegro in March 2023. He is facing charges for traveling on a fake passport. These actions have led to his deportation appeal from both the US and S.Korea.
The latest decision can be considered a win for the Terra founder as he faces allegations linked to the horrible collapse of the $40 billion TerraUSD stablecoin. It seems like there is more chance of Kwon’s extradition to South Korea than the US. His lawyers have already preferred him to be extradited to South Korea.&nbsp;
Meanwhile, there are some legal experts that have raised questions over the decision to send Kwon to his native nation instead of the United States. Concerns have been raised about potential outcomes and sentences in different jurisdictions.
As Do Kwon’s legal saga continues, the global crypto market registered a brief recovery on Friday morning. The cumulative crypto market cap jumped by more than 2% over the last day to stand at $2.56 trillion. Bitcoin (BTC) and Ethereum (ETH) prices saw a jump of around 2% and 4%, respectively.
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Terra founder Do Kwon faces deportation to South Korea

Todayq News

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