Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says

Local courts may be facing political pressure regarding Kwon's extradition to the U.S. or South Korea, his Montenegro lawyer Goran Rodic told CoinDesk.

AccessTimeIconJan 15, 2024 at 12:06 p.m. UTC
Updated Mar 8, 2024 at 7:58 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Terraform Labs co-founder Do Kwon has again appealed the Montenegro High Court’s decision to uphold extradition requests from the U.S. and South Korea, his lawyer exclusively told CoinDesk, adding that local courts are apparently facing political pressure about the former crypto mogul’s overseas transfer.

In November, Kwon won an appeal to overturn the High Court’s decision that the extradition requests were legally sound. The same court again on Dec. 29 decided that the requests held up, Kwon’s Montenegro lawyer Goran Rodic said on Monday.

“We appealed again and now we are waiting for a new decision of the Court of Appeal,” Rodic said in an email.

Following the May 2022 collapse of Kwon’s multi-billion dollar crypto enterprise Terraform Labs, authorities in his native country, South Korea, and the U.S. have brought criminal charges against him, including for fraud. The disgraced entrepreneur and an associate were arrested in Montenegro last year for possession of falsified official documents and were sentenced to four months in prison.

While Kwon serves his sentence in Montenegro, the country has to approve his extradition as well as decide the destination.

The new appeal was filed because the High Court’s decision "drastically violates the provisions of the law, the European Convention on Extradition and the bilateral treaty with America on extradition,” Rodic said.

“Apparently, there is also political pressure on the court, all to the detriment of Do Kwon,” he added.

Kwon’s U.S. counsel has meanwhile requested courts to delay a securities fraud trial against him so that he may attend in person.

CoinDesk has reached out to the Montenegro High Court for comment.

Edited by Parikshit Mishra.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Sandali Handagama

Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.