Do Kwon to be extradited to United States, Montenegro’s justice minister validates

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Home” Regulation” Do Kwon to be extradited to United States, Montenegro’s justice minister validates

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Estefano Gomez

Dec. 27, 2024

Montenegro rejects South Korea’s extradition demand, preferring the United States in legal procedures versus Do Kwon.

Picture: Stevo Vasiljevic

Secret Takeaways

• Montenegro authorized the extradition of Do Kwon to the United States.
• Kwon deals with charges over Terra community’s collapse costing $40 billion.

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Montenegro’ s justice minister Bojan Bozovic has actually authorized the extradition of Terraform Labs co-founder Do Kwon to the United States, following a Supreme Court judgment and legal examination.

The Ministry of Justice took a look at all the realities and situations, consisting of the intensity of the criminal activities, the jurisdiction of the offenses, and the extradition demands. A lot of requirements preferred the United States demand,” the Ministry mentioned.

While the United States demand was authorized, South Korea’ s extradition quote was rejected.

Kwon and his organization partner Han Cheng Jun were detained in March 2023 at Podgorica Airport while trying to take a trip to Dubai utilizing created passports.

Kwon served a four-month jail sentence in Montenegro for file forgery.

The extradition comes from examinations into the May 2022 collapse of TerraUSD and Luna, which eliminated $40 billion from the crypto market and activated industry-wide insolvencies.

United States authorities declare Kwon misguided financiers and think he is concealing significant possessions.

After finishing his jail term, Kwon was relocated to Montenegro’ s Shelter for Foreigners, where he waits for extradition plans.

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