In accordance with South Korean native media outlet YNA, a Montenegro courtroom has once more accepted the extradition of the embattled Terraform Labs co-founder Do Kwon.
This growth occurred lower than every week after the Supreme Courtroom of Montenegro invalidated a ruling recommending Kwon’s extradition to South Korea. The courtroom cited procedural flaws and mandated an intensive reevaluation of the case.
The Supreme Courtroom dominated that the choice on Kwon’s closing vacation spot falls underneath the jurisdiction of the Justice Minister, Andrei Milovic, quite than the Podgorica Courtroom, which was tasked with solely confirming the extradition request’s compliance with requirements.
Within the case retrial, the Podgorica Excessive Courtroom in Montenegro confirmed that the authorized necessities for Kwon’s extradition to both South Korea or america had been met.
The place will Kwon be deported to?
Kwon’s destiny now lies in Milovic’s palms. The federal government official favors extraditing him to america, however the embattled crypto government prefers returning to his residence nation.
Milovic has not made any public pronouncements about his resolution
In the meantime, Kwon turned a world fugitive in 2022 following the shock collapse of his agency’s algorithmic stablecoin UST, which wiped over $40 billion from the crypto market. This occasion sparked accusations of fraud, prompting authorized actions in opposition to him and his associates throughout a number of nations, together with the US and South Korea.
Over the previous yr, Kwon has been in Montenegrin custody following his arrest and imprisonment for making an attempt to make use of pretend journey paperwork within the Balkan nation.
Just lately, a Manhattan jury discovered Kwon and his bankrupt crypto firm Terraform Labs responsible of defrauding buyers who suffered substantial losses in the course of the TerraLUNA collapse. Terraform Labs intends to contest the decision.
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