Montenegro Appellate Court rejects Do Kwon's appeal of South Korean extradition

Terraform Labs founder Do Kwon found no success in appealing his extradition to South Korea. 

A court in the Balkan country of Montenegro rejected Do Kwon's appeal of his extradition to South Korea, according to an official statement . The Montenegro Appellate Court made the decision based on South Korea placing the extradition request before the United States, as well as other relevant legal criteria related to the extradition of the same person to several countries.

The decision now locks in his extradition to South Korea, forbidding the United States or Do Kwon to fight the decision further, Do Kwon's lawyer told CoinDesk . 

In early March, the high court of Podgorica, the capital of Montenegro, decided that Do Kwon's extradition would be to South Korea. This move reversed an earlier decision to send Do Kwon to the United States to face fraud charges related to the collapse of the Terra-Luna ecosystem, The Block previously reported. 

Investors in the Terra ecosystem and victims of its collapse hope to see Do Kwon tried in the United States, where they expect he would face a harsher punishment than in South Korea.