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April

Terraform Labs co-founder <a href="https://cointelegraph.com/top-people-in-crypto-and-blockchain-2023/do-kwon" rel="noopener noreferrer nofollow">Do Kwon’s</a> legal saga continues with reports of his lawyers filing an appeal against a high court decision that pthe question of his extradition to the United States or South Korea to Montenegro’s justice minister.
According to an April 23 report from Montenegrin news outlet Vijesti, Kwon’s legal team <a href="https://en.vijesti.me/news/black-chronicle/704034/lawyers-up-until-the-end-filed-an-appeal-with-bare-strength-for-the-interests-of-the-lucrative-minister-of-justice" target="_blank" rel="noopener noreferrer nofollow">filed</a> an appeal against an April 8 decision from the High Court in Podgorica, which would have allowed Justice Minister Andrej Milović to decide on the Terraform co-founder’s extradition. That high court decision came in response to Montenegro’s Supreme Court <a href="https://cointelegraph.com/news/montenegro-do-kwon-extradition-court" rel="noopener noreferrer nofollow">approving a request for a protection of legality</a> after a lower court ruled Kwon could be extradited to South Korea.
Kwon’s lawyers reportedly called the high court decision “unfounded and illegal” and a “bizarre” interpretation of the law. It’s unclear if the appeal will stay the question of Kwon’s extradition, which has been bouncing between lower and higher courts for months as his legal team files motions and appeals regarding procedure.
Authorities in Montenegro arrested Kwon in March 2023 for using falsified travel documents while attempting to leave the country. He reportedly remains free to travel within the country as courts determine who has the authority to grant extradition to the U.S. or South Korea, where Kwon would face criminal charges.
Related: <a href="https://cointelegraph.com/news/terraform-labs-lies-sec-trial" rel="noopener noreferrer nofollow">Terraform Labs was ‘built on lies’ — SEC at trial</a>
In the United States, a jury <a href="https://cointelegraph.com/news/terraform-labs-do-kwon-liable-fraud-sec" rel="noopener noreferrer nofollow">found Terraform and Kwon liable</a> for fraud as part of a civil case brought by the U.S. Securities and Exchange Commission (SEC). After the verdict, the SEC said it planned to <a href="https://cointelegraph.com/news/sec-judgment-terraform-labs-do-kwon" rel="noopener noreferrer nofollow">seek a $5.3 billion judgment</a>, with $100 million in civil penalties for Kwon personally.
The collapse of Terraform in 2022 contributed to a significant crypto market downturn that caused firms, including FTX, BlockFi and Celsius, to file for bankruptcy. The platform <a href="https://cointelegraph.com/news/do-kwon-terraform-labs-files-chapter-11-bankruptcy-protection" rel="noopener noreferrer nofollow">filed for Chapter 11</a> protection in the U.S. in January 2024.
Magazine: <a href="https://cointelegraph.com/magazine/north-korean-hackers-private-keys-flash-loan-attacks/" rel="noopener noreferrer nofollow">Lazarus Group’s favorite exploit revealed — Crypto hacks analysis</a>

Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation

Cointelegraph

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