6 hours ago
Montenegro’s Justice Minister Bojan Božović confirmed that a determination had been reached regarding the extradition of Do Kwon, the co-founder of Terraform Labs.
According to section media reports connected Oct. 17, the extradition process volition beryllium signed by the extremity of this week. The determination comes aft a lengthy ineligible process that has been mired successful controversy and spanned respective months.
Božović refrained from providing further comments connected the specifics of the lawsuit and did not disclose wherever Kwon would beryllium extradited.
He said:
“As the Minister of Justice, I person nary further comments beyond what the Supreme Court has established.”
Kwon’s ineligible troubles successful Montenegro archetypal began erstwhile helium and Terraform CFO Han Chang-joon were arrested astatine Podgorica airdrome successful March 2023 for attempting to usage forged documents.
The 2 were sentenced to jailhouse presumption successful Montenegro but remained astatine the halfway of planetary extradition requests arsenic they fought charges overseas for their relation successful the illness of TerraLUNA successful 2022, which caused much than $40 cardinal successful losses.
Chang-Joon was extradited to South Korea earlier successful 2024 aft completing his sentence.
Montenegro’s determination connected Kwon’s extradition is expected to bring clarity to a lawsuit that has been mired successful delays and appeals. South Korean authorities are apt to expedite his return, with nary further avenues for entreaty wrong Montenegro pursuing the Appellate Court’s last ruling successful August 2024.
If extradited to South Korea, Kwon volition look an aggravated ineligible battle, arsenic respective different Terraform executives person already been indicted, but the state is seen arsenic comparatively lenient successful presumption of penalties for fiscal crimes.
Meanwhile, the US has pushed for Kwon’s prosecution connected much terrible charges, including securities fraud, which means helium could look a lengthy situation condemnation if prosecuted successful American courts.
The station Montenegro to finalize Do Kwon’s extradition destiny by week’s end appeared archetypal connected CryptoSlate.
English (US) 