Terraform Labs Co-Founder Do Kwon Wins Second Appeal Against Extradition Requests

According to CoinDesk, Terraform Labs co-founder Do Kwon has won a second appeal against the Montenegro High Court's decision to uphold extradition requests from the U.S. and South Korea. Kwon initially won an appeal in November to overturn the High Court’s decision in favor of the extradition requests. The same court then decided at the end of December that the requests held up. Kwon's lawyer, Goran Rodic, told CoinDesk last month that his client would be appealing the High Court's decision, claiming that local courts were facing political pressure to push the extradition through. Kwon’s former CFO at Terraform, Han Chang-Joon, was extradited to South Korea by Montenegrin authorities on Monday. The latest appeal represents a significant achievement in postponing a similar fate for Kwon. After Terraform Labs' stablecoin TerraUSD collapsed in May 2022, authorities in Kwon's native country, South Korea, and the U.S. brought criminal charges against him. He was arrested in Montenegro last year for possession of falsified official documents and sentenced to four months in prison. While Kwon is serving his sentence, Montenegrin authorities must approve his extradition and decide the destination.