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 prime prosecutor argued that the Excessive Court docket’s choice to extradite Kwon to South Korea as a substitute of america was achieved in an “abbreviated continuing” and exceeded the boundaries of the courtroom’s attain. Apparently, when listening to an enchantment from Kwon’s legal professionals, 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 determine on this case.
“The courtroom, opposite to the legislation, carried out abbreviated, as a substitute of standard proceedings and by exceeding the boundaries 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 enchantment courtroom rejected the plea to dam the extradition of Kwon to South Korea, the place he may face “a number of felony offenses.” Kwon is a citizen of South Korea.
The US or South Korea?
Nevertheless, america additionally desires to extradite Kwon from Montenegro. The US prosecutors introduced eight fees and would possibly transfer ahead with prosecuting him even with out his bodily presence. The US Securities and Change Fee additionally introduced civil fees 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 practically $37 billion wipeout of the crypto market, which later induced the collapse and chapter of a number of different initiatives. Kwon was arrested final yr in Montenegro whereas touring with false paperwork.
Apparently, different prime associates of Terraform Labs, together with co-founder Hyun-seong Shin and Chief Monetary Officer Han Chang-joon, have been arrested with Kwon and have 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 prime prosecutor argued that the Excessive Court docket’s choice to extradite Kwon to South Korea as a substitute of america was achieved in an “abbreviated continuing” and exceeded the boundaries of the courtroom’s attain. Apparently, when listening to an enchantment from Kwon’s legal professionals, 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 determine on this case.
“The courtroom, opposite to the legislation, carried out abbreviated, as a substitute of standard proceedings and by exceeding the boundaries 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 enchantment courtroom rejected the plea to dam the extradition of Kwon to South Korea, the place he may face “a number of felony offenses.” Kwon is a citizen of South Korea.
The US or South Korea?
Nevertheless, america additionally desires to extradite Kwon from Montenegro. The US prosecutors introduced eight fees and would possibly transfer ahead with prosecuting him even with out his bodily presence. The US Securities and Change Fee additionally introduced civil fees 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 practically $37 billion wipeout of the crypto market, which later induced the collapse and chapter of a number of different initiatives. Kwon was arrested final yr in Montenegro whereas touring with false paperwork.
Apparently, different prime associates of Terraform Labs, together with co-founder Hyun-seong Shin and Chief Monetary Officer Han Chang-joon, have been arrested with Kwon and have been extradited to South Korea final month.
