After the stunning collapse of Terraform Labs earlier this year, Do Kwon, a prominent figure in the Korean crypto world, has found himself embroiled in a protracted legal battle against criminal charges both in the U.S. and his home country, South Korea. Recently, Do Kwon’s lawyer has once again appealed the Montenegro High Court of Podgorica’s decision to extradite him to the U.S.

The latest development in the case has seen lawyer Goran Rodic renewing efforts to challenge Do Kwon’s impending extradition. CoinDesk reported that they have lodged a new appeal against the Montenegro High Court’s decision, which upheld the U.S. and South Korea’s extradition requests.

In an email to the news website, Rodic stated, “We appealed again and now we are waiting for a new decision of the Court of Appeal.”

In November, Terra’s Founder won an appeal to overturn the High Court’s decision that the legal prerequisites for the extradition request were met. However, on December 29, the same court ruled that the request held up.

Rodic suggested that the High Court’s decision “drastically violates the provisions of the law, the European Convention on Extradition, and the bilateral treaty with America on extradition.” Furthermore, he added that the court allegedly faces political pressure, stating, “Apparently, there is also political pressure on the court, all to the detriment of Do Kwon.”

The collapse of Terra in May 2022 had a profound impact on the crypto world, leading to a market crash that left investors reeling. The Federal Reserve Board noted that approximately $50 billion worth of the network’s two asset offerings, TerraUSD (UST) and Luna (LUNA), plummeted in value within a week. The fallout from this event continues to reverberate across the industry.

Subsequently, following his detention for using falsified travel documents in Montenegro, Do Kwon was sentenced to four months in prison. Montenegro extended his detention by an additional two months at the request of the U.S. and South Korea. Meanwhile, Do Kwon awaits the Montenegro High Court’s decision on his extradition requests from both countries.

In a recent development, the founder of Terraform Labs has officially requested a delay to the SEC’s trial against him for market manipulation and fraud due to the prolonged extradition proceedings in Montenegro.

At the time of writing, Terra Luna Classic (LUNC) is trading at $0.00012165.

The situation surrounding Do Kwon’s extradition remains fluid, and the potential ramifications of the court’s decisions are being closely watched by the crypto community and beyond. As this legal saga unfolds, its impact on both the cryptocurrency industry and international relations remains to be seen.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The NFT and cryptocurrency market is highly volatile, and readers should conduct thorough research before making any investment decisions.