The extradition of Terraform Labs’ Co-Founder, Do Kwon, to South Korea has hit a roadblock as Montenegro’s Workplace of the Supreme State Prosecutor challenged in opposition to the courtroom order yesterday (Thursday).
The nation’s high prosecutor argued that the Excessive Court docket’s choice to extradite Kwon to South Korea as an alternative of the USA was carried out in an “abbreviated continuing” and exceeded the bounds of the courtroom’s attain. Apparently, when listening to an attraction from Kwon’s attorneys, an appellate courtroom subsequently confirmed the choice to the Excessive Court docket.
The Balkan nation’s prosecutors additional requested safety of legality earlier than the Supreme Court docket to cease the extradition of Kwon to South Korea. The prosecutors additional argued that solely the Supreme Court docket can resolve on this case.
“The courtroom, opposite to the regulation, performed abbreviated, as an alternative of normal proceedings and by exceeding the bounds of its powers, decided on the extradition allow, which is the unique competence of the Minister of Justice,” the translated letter by the prosecutor said.
The tussle got here solely a day after an attraction courtroom rejected the plea to dam the extradition of Kwon to South Korea, the place he might face “a number of legal offenses.” Kwon is a citizen of South Korea.
The US or South Korea?
Nevertheless, the USA additionally desires to extradite Kwon from Montenegro. The US prosecutors introduced eight prices and may transfer ahead with prosecuting him even with out his bodily presence. The US Securities and Trade Fee additionally introduced civil prices in opposition to Terraform Labs and Kwon.
Following the collapse of the 2 Terraform Labs’ cryptocurrencies, TerraUSD and Luna, in 2022, Kwon disappeared from public view. The US and South Korean authorities blamed him for the almost $37 billion wipeout of the crypto market, which later brought about the collapse and chapter of a number of different initiatives. Kwon was arrested final yr in Montenegro whereas touring with false paperwork.
Apparently, different high associates of Terraform Labs, together with co-founder Hyun-seong Shin and Chief Monetary Officer Han Chang-joon, had been arrested with Kwon and had been extradited to South Korea final month.
The extradition of Terraform Labs’ Co-Founder, Do Kwon, to South Korea has hit a roadblock as Montenegro’s Workplace of the Supreme State Prosecutor challenged in opposition to the courtroom order yesterday (Thursday).
The nation’s high prosecutor argued that the Excessive Court docket’s choice to extradite Kwon to South Korea as an alternative of the USA was carried out in an “abbreviated continuing” and exceeded the bounds of the courtroom’s attain. Apparently, when listening to an attraction from Kwon’s attorneys, an appellate courtroom subsequently confirmed the choice to the Excessive Court docket.
The Balkan nation’s prosecutors additional requested safety of legality earlier than the Supreme Court docket to cease the extradition of Kwon to South Korea. The prosecutors additional argued that solely the Supreme Court docket can resolve on this case.
“The courtroom, opposite to the regulation, performed abbreviated, as an alternative of normal proceedings and by exceeding the bounds of its powers, decided on the extradition allow, which is the unique competence of the Minister of Justice,” the translated letter by the prosecutor said.
The tussle got here solely a day after an attraction courtroom rejected the plea to dam the extradition of Kwon to South Korea, the place he might face “a number of legal offenses.” Kwon is a citizen of South Korea.
The US or South Korea?
Nevertheless, the USA additionally desires to extradite Kwon from Montenegro. The US prosecutors introduced eight prices and may transfer ahead with prosecuting him even with out his bodily presence. The US Securities and Trade Fee additionally introduced civil prices in opposition to Terraform Labs and Kwon.
Following the collapse of the 2 Terraform Labs’ cryptocurrencies, TerraUSD and Luna, in 2022, Kwon disappeared from public view. The US and South Korean authorities blamed him for the almost $37 billion wipeout of the crypto market, which later brought about the collapse and chapter of a number of different initiatives. Kwon was arrested final yr in Montenegro whereas touring with false paperwork.
Apparently, different high associates of Terraform Labs, together with co-founder Hyun-seong Shin and Chief Monetary Officer Han Chang-joon, had been arrested with Kwon and had been extradited to South Korea final month.
