Cryptocurrencies
Montenegro Prosecutor Challenges Do Kwon’s Extradition to Korea
- Supreme prosecutor throws into doubt previous court rulings
- Latest twist indicates Do Kwon may be tried in US after all
Do Kwon
Photographer: Woohae Cho/BloombergThis article is for subscribers only.
Montenegro’s top prosecutor is challenging recent court decisions to extradite Terraform Labs Pte co-founder Do Kwon to his native South Korea, as the Balkan country faces dueling demands from Seoul and US that both want to try him for the $40 billion collapse of the TerraUSD stable coin in 2022.
Montenegro’s choice where to send the former crypto mogul seemed final earlier this week when its Appellate Court backed decisions that opted for South Korea. However, the office of Supreme State Prosecutor on Thursday said procedural errors were made, which requires to escalate the case to the nation’s Supreme Court.