U.S. to Appeal Montenegro's Decision on Do Kwon's Extradition

The legal battle over Terra founder Do Kwon's extradition intensifies as U.S. prosecutors challenge Montenegro's ruling in favor of South Korea.

U.S. prosecutors plan to challenge Montenegro's High Court decision to extradite Terra founder Do Kwon to South Korea, continuing the jurisdictional battle over his fate.
Montenegro's High Court ruled that Do Kwon could be extradited to South Korea upon completion of his jail sentence, overturning a previous decision favoring extradition to the U.S.
A group of South Korean Terra investors advocate for Kwon's extradition to the U.S., believing he will face proper punishment there compared to South Korea.
Kwon faces charges in both the U.S. and South Korea related to the collapse of Terra's ecosystem in 2022, potentially leading to decades in prison.
The legal tug-of-war highlights the global implications of the Terra collapse, affecting investors worldwide and sparking a bear market in the crypto industry.