Montenegro’s High Court made a final ruling on the extradition of Do Kwon, co-founder of Terraform Labs, in connection with the passport forgery case. Sources familiar with the matter reported the court’s approval, which marks a significant legal development in the ongoing case involving the sentenced Do-kwon and former Terraform Labs executive Chang-jun Han. 4 months in jail.
Extradition decision: Montenegro High Court decision
This ruling by the Montenegro Podgorica High Court follows the request for extradition from the Ministry of Justice of the Republic of Korea and the Ministry of Foreign Affairs of the United States. On November 24, the court announced that the legal requirements for extraditing Do-Kwon to Korea and the United States had been met.
However, the final decision on Mr. Dokwon’s extradition now rests in the hands of Montenegro’s Justice Minister Andrej Milović. Prime Minister Milovic emphasized that the decision carries significant political weight and complexity and requires careful consideration before deciding which country will have priority in the extradition process.
In a recent television appearance, Prime Minister Milovic emphasized the importance of the extradition agreement between the two countries and highlighted the United States as a key foreign policy partner with the goal of quickly establishing a legal framework for future extradition cases.
Global tug-of-war over repatriation
Meanwhile, in the United States, a parallel legal battle is taking place, with the court siding with the Securities and Exchange Commission (SEC) after closely reviewing the claims and expert testimony. This ruling represents progress in the case brought by the prosecution. SEC vs. Terra, favoring the SEC’s position. Notably, the judge approved the SEC’s selected experts and Terra’s own experts, clearing the way for the case to proceed to summary judgment.
Amid these legal developments, prices Earth (MOON) And Terra Classic (LUNC) has experienced significant volatility in recent days. Both LUNA and LUNC have seen a 1% decline over the past 24 hours, but their market behavior is being closely monitored as the legal controversy surrounding Terra and its management continues.