An dwell to the saga of Keep Kwon’s extradition lawsuits would per chance per chance additionally merely occupy at ultimate attain, as the Court of Charm of Montenegro handed down a option earlier this week.

In a August 1 ruling, the appeals court found that Keep Kwon, the outmoded CEO and co-founder of Terraform Labs, would per chance per chance additionally merely accrued be extradited to his native country of South Korea. In doing so, the court rejected an extradition quiz for Kwon from the US, asserting that preference would be granted to South Korea in consequence of it modified into as soon as the first country to quiz his extradition.

“There modified into as soon as no charm in opposition to the aforementioned option, so the option of the Increased Court in Podgorica, which accredited expedited extradition in step with the quiz of the Republic of Korea, has was final,” read the ruling, that system there is an efficient probability this option will be final.

Whereas Kwon faces prices in both countries, many judge that the punishment for his crimes will be some distance much less excessive if he is tried in South Korea.

“It appears to be like moderately ridiculous for the Montenegro court to extradite Keep Kwon to South Korea, the place he would per chance per chance salvage acquitted or a comically mild sentence as in opposition to the United States,” Terrence Yang, managing director at Swan Bitcoin, instructed Bloomberg in March.

Even Kwon appears to be like to piece the thought that an extradition to South Korea would per chance per chance additionally lead to a extra lenient sentence. His appropriate counsel occupy also indicated a preference for being extradited to South Korea over the US.

Earlier this year, local media outlet Vijesti reported that Montenegro’s Prime Minister Milojko Spajic had in my view invested in Terraform Labs in 2018, citing court documents from the U.S. Securities and Alternate Commission (SEC). Spajic reportedly obtained 750,000 LUNA at a tag of $0.10 per token earlier than he occurred of job. At one level, the associated fee of his LUNA holdings stood at $90 million.

It is some distance unclear whether or no longer Spajic has any ties to Kwon, and whether or no longer that influenced Kwon’s approach to shuffle to Montenegro the place he modified into as soon as arrested in March 2023.