Do Kwon Scores Victory in Extradition Request Appeal

The approval further delays ongoing efforts to extradite Kwon either to his homeland or the United States.

Giant Do Kwon smiling from a prison island.
Created by Gabor Kovacs from DailyCoin
  • Terraform Labs’ Do Kwon has succeeded in delaying his extradition process.
  • Kwon’s legal team won an appeal challenging the High Court’s extradition order.
  • The United States and South Korea are making efforts to extradite Do Kwon.

The aftermath of Terra’s collapse sent its founder, Do Kwon, on the run before getting incarcerated in Montenegro on charges related to document forgery.

However, the ongoing efforts to bring the controversial crypto mogul to justice gained momentum on November 24, 2023, when the High Court of Podgorica officially approved his extradition. Unsurprisingly, the Terra founder promptly filed an appeal, hoping to extend his stay further and perhaps alter his fate.

In a positive turn for Kwon, the Montenegro appeal court has granted his appeal.

Do Kwon Buys More Time

On Tuesday, December 19, the Appellate Court of Montenegro overturned the prior approval granted by the High Court for Kwon’s extradition. 


The court’s decision to nullify the approval is rooted in Kwon’s defense argument that the initial ruling lacked clarity on factors leading to the decision and must be remanded for a renewed examination and decision.

According to the court, while the investigative judge heard Kwon’s response to the South Korean request, a similar hearing for the U.S. request had not occurred.


“The High Court acted contrary to Article 16 paragraph 8 of the Law on International Legal Assistance in Criminal Matters, which stipulates that the investigating judge will inform the person whose extradition is requested, upon establishing his identity, without delay, for what reason and on the basis of which evidence is requested his extradition and invite him to present his defense.”

The approval of Kwon’s appeal grants him an extension as he continues to evade the impending fate awaiting him in both his homeland and the United States, where he faces multiple counts of market law violations and customer defrauding.

Binance’s legal dispute with the CFTC is finally put to rest as both parties finalize the conclusion. Read more: 
CFTC Ties Up Binance Investigation Following $2.8B Fine

A final destination for Do Kwon is set to be revealed. Read more:
Montenegro Top Justice Picks Do Kwon’s Extradition Direction

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.