Summary
TLDR: Terra founder Do Kwon won a key victory as Montenegro’s appeals court overturned a ruling to extradite him to the US for cryptocurrency collapse charges. The court found flaws in the extradition decision and stated that South Korea requested his extradition before the US. The case will now go back to lower courts for a third time. Kwon faces criminal charges in the US and an SEC lawsuit, but the outcome remains uncertain.
Key Points
1. Disgraced Terra founder Do Kwon won a key victory when an appeals court overturned a lower ruling that would have extradited him to the United States for criminal and civil charges.
2. The Appellate Court of Montenegro found flaws in the initial ruling and voided the extradition approval for a second time, citing significant oversights and a disregard for existing laws.
3. U.S. prosecutors are not currently getting their way in Montenegro, as Kwon faces ongoing legal battles in the country and the case heads back to lower courts for a third time.