The post Terraform Labs Founder Faces Justice: Do Kwon’s Extradition Confirmed! appeared first on Coinpedia Fintech News
South Korea is set to receive Do Kwon’s extradition from Montenegro. The Appellate Court of Montenegro has issued a ruling confirming the decision earlier taken by the High Court of Podgorica to send him to his Native country, Instead of the U.S. Let’s explore the case development for Kwon’s Extradition.
The Battle for Kwon’s Extradition
After a long legal battle and competition between the U.S. and South Korea, the Montenegro Appellate Court has finally ruled in the favor of South Korea on August 1. The court’s decision will send Kwon to his home country, where he will face charges related to the $40 billion collapse of Terra. As per the court ruling, there is no room for appeal now.
The Rise of Legal Troubles
In April 2024, a U.S. court found Terraform labs and its co-founder Do Kwon guilty of fraud. The SEC accused them of misleading the
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