3 weeks ago
According to South Korean section media outlet YNA, a Montenegro tribunal has again approved the extradition of the embattled Terraform Labs co-founder Do Kwon.
This improvement occurred little than a week aft the Supreme Court of Montenegro invalidated a ruling recommending Kwon’s extradition to South Korea. The tribunal cited procedural flaws and mandated a thorough reevaluation of the case.
The Supreme Court ruled that the determination connected Kwon’s last destination falls nether the jurisdiction of the Justice Minister, Andrei Milovic, alternatively than the Podgorica Court, which was tasked with lone confirming the extradition request’s compliance with standards.
In the lawsuit retrial, the Podgorica High Court successful Montenegro confirmed that the ineligible requirements for Kwon’s extradition to either South Korea oregon the United States had been met.
Where volition Kwon beryllium deported to?
Kwon’s destiny present lies successful Milovic’s hands. The authorities authoritative favors extraditing him to the United States, but the embattled crypto enforcement prefers returning to his location country.
Milovic has not made immoderate nationalist pronouncements astir his decision
Meanwhile, Kwon became an planetary fugitive successful 2022 pursuing the daze illness of his firm’s algorithmic stablecoin UST, which wiped implicit $40 cardinal from the crypto market. This lawsuit sparked accusations of fraud, prompting ineligible actions against him and his associates crossed respective nations, including the US and South Korea.
Over the past year, Kwon has been successful Montenegrin custody pursuing his arrest and imprisonment for attempting to usage fake question documents successful the Balkan country.
Recently, a Manhattan assemblage recovered Kwon and his bankrupt crypto institution Terraform Labs guilty of defrauding investors who suffered important losses during the TerraLUNA collapse. Terraform Labs intends to contention the verdict.
The station Montenegro tribunal clears Do Kwon’s extradition, destiny successful justness minister’s hands appeared archetypal connected CryptoSlate.
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