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Terra founder Do Kwon has successfully appealed his extradition from Montenegro to the US or South Korea due to “significant violations” of criminal procedure from the Podgorica High Court. The court approved Kwon’s extradition on November 24, so long as he first served the remainder of his four-month prison sentence. Today’s announcement states Montenegro’s appeal court rejected this decision on December 14 after a successful appeal from Do Kwon’s legal team.  Do Kwon granted extradition, but to US or South Korea? Read more: Singapore rejects Do Kwon, Terraform Labs case dismissal According to translated court documents, the High Court judge failed to hear Do Kwon about extradition to the US, only hearing him with regards to South Korea’s request. Because of unclear reasoning and a lack of decisive facts regarding the legal prerequisites for extradition , the decision was annulled. As a result, the case has returned to the basic court for retrial. Do Kwon still fac...

The Montenegro High Court to decide this week on the bail request of Do Kwon and former CFO Han Chang-joon as prosecutors filed an appeal against bail approved by the Montenegro Basic Court. Moreover, Do Kwon’s ties with former Finance Minister and President of Europe Now political party Milojko Spajić have also raised questions. advertisement Terra and Do Kwon Moving Crypto Worth Millions After Arrest Dan Seong-han , Director at the Seoul Southern District Prosecutors’ Office, on June 8 said Terra co-founder Do Kwon or an affiliate has transferred crypto assets worth $29 million . “We’re assuming that Do Kwon, or someone under his direction, took out the amount and moved it to another wallet, not to Sygnum, and cashed it out somewhere else.” Korean prosecutors are also tracking to determine the whereabouts of crypto assets transferred from a crypto wallet related to Luna Foundation Guard (LFG). Moreover, Dan Seong-han said ...