Summary
Do Kwon, co-founder of Terraform Labs, has won a second appeal to avoid extradition to the US. The fight between the US, Montenegro, South Korea, and Kwon’s team continues to determine where he will be sent. The appellate court found “significant violations” with the High Court’s extradition order and suggested that South Korea may have attempted extradition before the US. Kwon’s trial in the US, where he faces eight criminal charges, has been delayed until March. US District Judge Jed Rakoff has stated that the trial will proceed with or without Kwon present.
Key Points
1. Terraform Labs co-founder Do Kwon has successfully won a second appeal to avoid extradition to the US, according to the appellate court of Montenegro.
2. Kwon has been in custody in Montenegro since March 2023, with both South Korea and the US seeking his extradition. After initially winning his appeal, the High Court of Podgorica reversed the decision and ordered the extradition.
3. The appellate court found “significant violations” with the High Court’s extradition order and noted that the order of the extradition requests was not taken into consideration, indicating that South Korea may have attempted extradition before the US.