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The founder of Terraform Labs, the crypto firm behind the Terra (LUNA) collapse has won an appeal in Montenegro over being extradited to the United States.<\/p>\n
According to a statement from the Montenegro Appeals Court, the decision to extradite Terra founder Do Kwon to the US or South Korea has been overturned<\/a>.<\/p>\n Kwon was initially\u00a0arrested<\/a> by authorities in Montenegro in late March for using a fake Costa Rican passport, though he argued in court that he obtained the passport through a legitimate agency.<\/p>\n At the time, Montenegro was reportedly considering\u00a0extraditing<\/a> Kwon to the US. Montenegro Justice Minister Andrej Milovic allegedly expressed a preference for sending Kwon to the US rather than South Korea, which also seeks to prosecute him.<\/p>\n Both the US and South Korea want him extradited to face fraud charges related to the $40 billion collapse of the Terra ecosystem in 2022.<\/p>\n After a court in Montenegro approved Kwon\u2019s extradition to both countries, Kwon appealed the ruling. After winning the appeal, the Appeals Court ordered a retrial in the Podgorica Basic Court due to a judge who refused to hear Kwon\u2019s arguments.<\/p>\n Montenegro Justice Minister Andrej Milovic will have the final decision on where Kwon is extradited, if at all.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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