Montenegro has rejected South Korea’s extradition request for Do Kwon, insisting that the Terra Luna founder be extradited to the United States.
The move could end a legal saga and conflict between the United States and the United States. and South Korea over competing extradition demands for Do Kwon.
Do you know if you will be extradited?
The decision to extradite Do Kwon to the United States was approved by Montenegro’s Justice Minister Bojan Bozovic. The move came after a Supreme Court decision and legal evaluation. which lasted more than a year According to Montenegro’s Supreme Court, both the United States and South Korea met legal conditions for the extradition.
“Just in: Do Kwon, founder of Terra Luna, will be extradited to the United States.”
Do Kwon and his business partner Han Cheng Jun were arrested in March 2023 at Podgorica Airport. They tried to travel to Dubai using a fake passport. Kwon also served a four-month prison sentence in Montenegro for forgery. Montenegro’s Ministry of Justice said in a statement:
“The Ministry of Justice has examined all the facts and circumstances. including the severity of the crime Jurisdiction of the offense and requesting extradition Most of the criteria supported the U.S. request. Most of the criteria established by law support extradition demands from institutions. of the United States”
Bozovic made his decision on Friday. But it did not specify when the delivery would take place.
Accusations Against Do Kwon
Do Kwon It faced accusations in New York and Seoul over the collapse of stablecoin TerraUSD in 2022, leading to the loss of over $40 billion. and the collapse of several well-known crypto companies. United States Attorney’s Office In Manhattan, racketeering proceedings were brought against Doe. Kwon last year But it has not commented on Montenegro’s decision. U.S. authorities claim Do Kwon misled investors and believe he is hiding large amounts of assets. It is also unclear if Friday’s decision is final. no This is because a court in Montenegro had previously ruled that Do Kwon must be extradited to South Korea instead of the United States. Do Kwon’s lawyer, Goran Rodik, who is seeking his extradition, said that Still South Korea The decision was not discussed either.
Terraform and Do Kwon were found personally liable for the fraud after a civil trial based on allegations by the U.S. Securities and Exchange Commission (SEC). After the trial, Terraform agreed to pay $4.5 billion. and settled the case with the SEC.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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