The Constitutional Court on Tuesday about Do Kwon

On the agenda is an appeal against the verdict of the Supreme Court. In October, a court suspended the extradition of the South Korean crypto tycoon to South Korea or the US

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Do Kwon, Photo: BORIS PEJOVIC
Do Kwon, Photo: BORIS PEJOVIC
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

At its session on Tuesday, the Constitutional Court will consider an appeal against the verdict of the Supreme Court of Montenegro in the case of a South Korean citizen To Kwon.

At its session in October, that court adopted a request to suspend the extradition of South Korean crypto tycoon Do Kwon to South Korea or the United States of America (USA), at the choice of the Minister of Justice, until a final decision is made.

Previously, in September, the Supreme Court adopted a request for the protection of legality and changed the decisions of the High and Appellate Courts, finding that the conditions for the extradition of Do Kwon and the USA were met. By the same verdict, the court decided to submit the case files to the Minister of Justice Bojan Božović in order to decide on the extradition permit.

US and South Korean authorities have been investigating Do Kwon for his role in one of the biggest disasters in cryptocurrency history. In May 2022, the value of the two cryptocurrencies he created, TerraUSD and Luna, plunged, wiping $40 billion from the cryptocurrency market and setting off a chain reaction that pushed other digital crypto companies into bankruptcy, according to US media. Investors around the world lost their savings. The investigation concluded that Do Kwon had lied to investors and was suspected of hiding wealth.

Do Kwon and his business partner Han Chengjun were arrested on March 23 last year at the airport in Podgorica when they used forged passports during passport control on a flight to Dubai.

Do Kwon was sentenced to four months in prison in Montenegro - while the USA and South Korea began to insist on his extradition. After his release from the prison in Spuž on March 23, the police officers took Do Kwon to the inspector for foreigners, and then, after a five-hour interrogation, took him to the Reception Center for Foreigners. He will stay in that facility until the extradition decision is made.

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