7 months ago
The Montenegrin precocious tribunal overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to nonstop him backmost to South Korea alternatively of the US, section media reported connected March 7.
The determination volition apt beryllium last arsenic the lawsuit has gone done aggregate stages of trials and appeals implicit the past twelvemonth arsenic some countries vied for Kwon’s custody owed to the high-profile quality of the case.
The nonstop timeline of the extradition is unclear arsenic the authoritative tribunal documents person not been filed arsenic of property time. However, it is improbable to hap earlier March 23 arsenic Kwon is serving his forgery condemnation until then.
Earlier successful the day, reports revealed that South Korea’s National Police requested the assistance of Interpol to bring Kwon backmost to his location state to look charges.
Notably, Kwon had antecedently consented to beryllium deported to South Korea, wherever Terra co-founder Daniel Shin is presently facing proceedings for fraud, amerciable fundraising, and violating superior marketplace laws.
Kwon’s protracted extradition
Kwon’s ineligible troubles successful Montenegro began past twelvemonth erstwhile helium was arrested for utilizing a forged passport portion traveling with erstwhile Terra CFO Han Chang-Joon, who was extradited to South Korea past month.
Kwon has since been successful custody, pending extradition proceedings. Montenegro initially decided to nonstop him to the US owed to its ties with the country. However, an appellate tribunal blocked the extradition implicit breaches of transgression process laws and sent the lawsuit backmost for retrial.
For months, Kwon has fought against his extradition to the US. On March 5, the Montenegro Court of Appeals revoked his extradition, citing breaches of the country’s transgression process laws.
US and South Korean authorities person sought Kwon’s proceedings wrong their jurisdictions. Both countries purpose to clasp him accountable for his engagement successful the illness of Terra’s algorithmic UST stablecoin, which resulted successful losses of implicit $40 billion.
The station Montenegro decides to extradite Do Kwon to South Korea successful retrial appeared archetypal connected CryptoSlate.
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