Former Crypto Entrepreneur Do Kwon's Lawyer Challenges Extradition Decision

According to Bloomberg, an attorney for former crypto entrepreneur Do Kwon is looking to challenge the extradition decision. Goran Rodic, a lawyer in Podgorica, said in response to Bloomberg questions, "We are convinced that this illegal decision cannot hold before the Appellate Court, just as the previous two didn't." Rodic was referring to a protracted legal battle and opposing rulings by two different courts in Montenegro's capital Podgorica. Do Kwon and his associate Han Chang-joon were arrested in Montenegro almost a year ago while trying to travel with forged passports. Both the US and South Korea have indicted them on charges related to the 2022 implosion of the TerraUSD stablecoin that wiped out at least $40 billion of investor assets and accelerated a crypto market downturn. Montenegro extradited Han Chang-joon to South Korea earlier this month. The Justice Minister still needs to give the final approval for extradition. The government intends to approve extradition to the US, according to a person close to the matter, who declined to be identified as the decision isn't public yet.