The decision to release Kwon reportedly came from the Council of the Supreme Court, which is set to review a decision that could grant or deny extradition to his native South Korea.
Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the borders of the European nation pending a fixed date for his extradition to his home country. Related Reading: Terraform Labs Accuses SEC Of ‘Government Overreach’ In Legal Defense Dispute Do Kwon […]
Prosecutors purportedly plan to confiscate the Terraform Labs co-founder’s South Korean passport, though he allegedly used a forged Costa Rican passport in Montenegro in 2023.
Montenegro’s Supreme Court has intervened in Do Kwon’s extradition to South Korea, putting the process on hold indefinitely, according to a March 22 translation of the Court notice. The Court said it overturned previous decisions from two lower courts that had greenlit Kwon’s extradition to South Korea because of the Supreme State Prosecutor’s Office’s request. Consequently, […]
The post Montenegro’s Supreme Court stalls Do Kwon’s extradition amid legal tussle appeared first on CryptoSlate.
Prosecutors in Montenegro suggested that the country’s Supreme Court could issue a verdict that would change an earlier decision on Do Kwon’s extradition to South Korea.
The co-founder of bankrupt Terraform Labs was first set to be extradited to the United States after lengthy court battles.
The latest overruling by the Appellate Court of Montenegro marks another event in the long history of Kwon’s extradition process after his arrest in March 2023.
Kwon is facing fraud charges in the U.S. around his role in Terra's collapse.
The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
The Appellate Court of Montenegro previously canceled Kwon’s extradition approval to either the United States or South Korea in mid-December 2023.
Meanwhile, Terraform co-founder and CEO Do Kwon is coming to the United States for trial on charges advanced by the SEC.
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.
Even Gary Gensler voted to approve the spot Bitcoin ETFs.
The SEC charged Terraform Labs and its co-founder Do Kwon with allegedly “orchestrating a multi-billion dollar crypto asset securities fraud” in February.
A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition.
Montenegro’s minister of justice will make the final decision on Do Kwon’s extradition to either South Korea or the United States.