Terra

Dubai

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Do Kwon is set to remain in the Balkan country until a decision is made, according to the Montenegrin Supreme Court.</li> 
 <li>The announcement overturns past decisions from two other courts trying to extradite him.</li> 
</ul> 
<p>The Supreme Court of Montenegro has just placed a pause on the founder of Luna/Terra, Do Kwon’s pending extradition to South Korea. Today, <a href="https://sudovi.me/vrhs/sadrzaj/ONBM" rel="nofollow noopener" target="_blank">the court issued an order</a> that overturned earlier decisions that came from two lower courts fighting to extradite Kwon to his native country.</p> 
<p><a href="https://crypto.ro/en/news/terra-labs-co-founder-do-kwon-convicted-in-montenegro-for-fakepassport-usage/">Do Kwon was arrested in Montenegro</a> and jailed following an attempt to use fake Costa Rican documents on his way to Dubai after being on the run for months. He has been in Montenegrin custody since.</p> 
<p>This latest decision is putting a time-out on the South Korea-US war over Kown. Both countries set their eyes on Kwon for criminal charges, including fraud. The issues are related to the $40 billion collapse of the Terra ecosystem back in May 2022.</p> 
<p>Kwon was able to postpone the extradition for a whole year, but the Montenegrin Appellate court decided to extradite him to South Korea earlier this month – this would have happened if the country’s top prosecutor stepped in.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://twitter.com/LeJournalDuCoin/status/1771196029297123479/photo/1" rel="nofollow noopener" target="_blank"><img decoding="async" src="https://pbs.twimg.com/media/GJSNZksWgAAKBIl?format=jpg&amp;name=900x900" alt="Do Kwon" width="740" height="508" data-wp-editing="1" title="Luna/Terra's Do Kwon's Extradition To South Korea Is Postponed 5"></a>
 <figcaption class="wp-caption-text">
  Do Kwon
 </figcaption>
</figure> 
<h2 id="the-court-s-decision-overstepped-the-limits-of-its-power">The court’s decision overstepped the limits of its power</h2> 
<p>The other day, the Office of the Supreme State Prosecutor issued a statement in which the entity argued that the court’s decision overstepped the limits of its power.</p> 
<p>Also, the prosecutor said that a decision regarding Kwon’s extradition could only be made by the country’s minister of Justice.</p> 
<p>The court in Montenegro has now stopped the extradition of Kwon over “significant violations of the provisions of criminal procedure.”</p> 
<p>Terraform Labs is scheduled to go on trial next week and it will be faced with charges brought by the US SEC.</p> 
<p>The fall of Luna and the stablecoin TerraUSD (UST) occurred back in 2022, and it affected companies including Celsius, Voyager, Three Arrows, and many more.</p>

Luna/Terra’s Do Kwon’s Extradition To South Korea Is Postponed

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