Montenegrin court invalidates decision to extradite virtual currency ``Terra Luna'' suspect Kwon DoHyoung to US = South Korean report

The extradition proceedings to the United States for Kwon DoHyoung (Terraform Lab CEO), who caused major damage to the financial market due to the collapse of the virtual currency "Terra Luna", have been suspended. Kwon
This is because the Montenegrin court, which is holding the suspect, accepted his appeal and decided to retrial the case. Montenegro's appeal trial, AFP news agency reported on the 5th.
``We accepted the appeal filed by Kwon DoHyoung's legal representative, invalidated the decision of the Podgorica High Court on February 20, and remanded the case to the first instance,'' the agency said on its website.
I made it clear. The Court of Appeal explained the reason for its decision, stating that there was a violation of the criminal procedure provisions at the Podgorica High Court.
Prior to this, the Podgorica High Court ruled that Kwon's U.S.
However, Kwon's side had appealed the decision, calling it an "unjust decision." Kwon allegedly visited the company's headquarters in April 2022, just before the Terra Luna crash.
He was once in Singapore, but moved from the United Arab Emirates to Serbia in September of the same year. Used a fake passport at Podgorica Airport in Montenegro in March 2023
He was arrested on charges and was scheduled to be extradited to the United States. However, there is a possibility that the country to which Kwon will be extradited may change due to the latest decision by the Court of Appeals.
Kwon majored in computer engineering at Stanford University and worked as an engineer at companies such as Apple and Microsoft.
After working as an engineer, he founded Terraform Lab in 2018. The virtual currencies “Luna” and “Terra” developed by this company had a temporary market capitalization of 100 trillion won (approximately 11.2 trillion yen)
However, it crashed in 2022, causing panic in the global virtual currency market.