In regards to the destiny of cryptocurrency entrepreneur Do Kwon,
a Montenegrin courtroom has dominated in favor of his extradition to his native South
Korea. The choice marks the most recent twist within the authorized saga that unfolded
following Kwon’s arrest within the Balkan nation final yr.
The Excessive Court docket’s ruling got here swiftly after an appeals courtroom
overturned its earlier choice to extradite Kwon to the USA, the place
he faces fees associated to a $40 billion crash of Terraform Labs’
cryptocurrency. Kwon, aged 32, was apprehended on a global arrest
warrant, following allegations of fraud and monetary misconduct that
devastated retail buyers globally.
The authorized battle over Kwon’s extradition has been
tumultuous, with each South Korea and the USA vying for custody. Final
month, the Excessive Court docket initially determined handy over Kwon to the US, however the
Court docket of Appeals nullified the choice, citing procedural discrepancies over
the timing of extradition requests.
In accordance with spokeswoman Marija Rakovi, the most recent ruling by
the Excessive Court docket is topic to additional attraction, prolonging the uncertainty
surrounding Kwon’s eventual vacation spot. Presently serving a four-month jail
sentence in Montenegro for utilizing a false passport, Kwon, also known as “the
cryptocurrency king,” faces a number of fees of fraud and monetary
misconduct in each the US and South Korea.
In regards to the destiny of cryptocurrency entrepreneur Do Kwon,
a Montenegrin courtroom has dominated in favor of his extradition to his native South
Korea. The choice marks the most recent twist within the authorized saga that unfolded
following Kwon’s arrest within the Balkan nation final yr.
The Excessive Court docket’s ruling got here swiftly after an appeals courtroom
overturned its earlier choice to extradite Kwon to the USA, the place
he faces fees associated to a $40 billion crash of Terraform Labs’
cryptocurrency. Kwon, aged 32, was apprehended on a global arrest
warrant, following allegations of fraud and monetary misconduct that
devastated retail buyers globally.
The authorized battle over Kwon’s extradition has been
tumultuous, with each South Korea and the USA vying for custody. Final
month, the Excessive Court docket initially determined handy over Kwon to the US, however the
Court docket of Appeals nullified the choice, citing procedural discrepancies over
the timing of extradition requests.
In accordance with spokeswoman Marija Rakovi, the most recent ruling by
the Excessive Court docket is topic to additional attraction, prolonging the uncertainty
surrounding Kwon’s eventual vacation spot. Presently serving a four-month jail
sentence in Montenegro for utilizing a false passport, Kwon, also known as “the
cryptocurrency king,” faces a number of fees of fraud and monetary
misconduct in each the US and South Korea.
