According to the statement made by the appeal court in Montenegro, the appeal of the former CEO of Terraform Labs was accepted.
According to the statement made today by the appeals court, Do Kwon was sentenced by the Supreme Court. It is believed that he could be extradited to South Korea or the USA. The decision was reversed.
The appeals court ruled that the decision regarding Do Kwon’s extradition was “hard facts” He stated that it was not based on this and that is why the decision was annulled.
Officials in the USA and South Korea With Terraform Labs’ billion-dollar collapse in 2022 had requested Kwon’s extradition to face relevant charges.
Do Kwon was arrested in Montenegro last year for carrying fake documents.
LUNA price started to rise after the appeal decision on many exchanges such as Binance.