Policy
Home” Regulation” Do Kwon to be extradited to United States, Montenegro’s justice minister verifies
by
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 assessment.
The Ministry of Justice analyzed all the truths and situations, consisting of the seriousness of the criminal activities, the jurisdiction of the offenses, and the extradition demands. A lot of requirements preferred the United States demand,” the Ministry specified.
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 removed $40 billion from the crypto market and activated industry-wide personal bankruptcies.
United States authorities declare Kwon deceived financiers and think he is concealing considerable possessions.
After finishing his jail term, Kwon was transferred to Montenegro’ s Shelter for Foreigners, where he waits for extradition plans.
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