when

Terra

Read

Terra founder Do Kwon will be extradited to the U.S. following months of back and forth between courts in Montenegro.
A High Court of Podgorica, Montenegro’s capital, ruled to reject South Korea’s request to extradite Do Kwon to his home country for criminal prosecution, per local media outlet <a href="https://www.pobjeda.me/clanak/do-kvon-bice-izrucen-sad-u" target="_blank" rel="noopener noreferrer nofollow">Pobjeda</a>.&nbsp;
Kwon’s defense attorney, Goran Rodić, previously cited the European Convention on Extradition and Montenegrin Law on Internationa Legal Assitance to support arguments for South Korean extradition.&nbsp;
However, Justice Minister Andrej Milović reportedly once said the decision was political, with a bilateral extradition agreement between the U.S. and Montenegro playing a major role in the process.&nbsp;
You might also like: <a href="https://crypto.news/terraform-labs-seeks-do-or-die-appeal-via-bankruptcy-to-fight-sec/" rel="noopener noreferrer nofollow"> Terraform Labs seeks ‘do-or-die’ appeal via bankruptcy to fight SEC </a>
<h2 class="wp-block-heading" id="do-kwon-to-attend-terra-trial">Do Kwon to attend Terra trial</h2>
The decision follows Do Kwon’s Feb. 8 <a href="https://crypto.news/terra-do-kwon-extradition-appeal-montenegro/" target="_blank" rel="noopener noreferrer nofollow">victory</a> in the Court of Appeals. His extradition had been revoked and returned to the High Court for processing. With Kwon’s removal from Montenegro seemingly settled, the U.S. will have nearly two months to extradite him to be present for the SEC v. Terraform Labs case.
Terra’s court case was <a href="https://crypto.news/sec-assents-to-do-kwon-terra-trial-delay-until-april-15/" target="_blank" rel="noopener noreferrer nofollow">delayed</a> until Apr. 15 after a <a href="https://crypto.news/do-kwon-seeks-us-court-approval-to-delay-terra-trial-until-mid-march/" target="_blank" rel="noopener noreferrer nofollow">request</a> from Kwon and an agreement with the SEC to postpone proceedings. The former cryptocurrency billionaire and his blockchain firm are accused of defrauding customers and investors in Terra’s ecosystem crash.&nbsp;
In South Korea, Terra is also being <a href="https://crypto.news/south-korea-sets-trial-date-for-terraform-labs-co-founder-over-terra-luna-collapse/" target="_blank" rel="noopener noreferrer nofollow">investigated</a> for criminal operations as a former company developer <a href="https://crypto.news/ex-terraform-labs-developer-reportedly-testified-against-do-kwon/" target="_blank" rel="noopener noreferrer nofollow">testified</a> that Kwon knew his project was legally problematic. South Korean authorities also secured extradition rights for Kwon’s former chief financial officer, Han Chang-Joon.
Chang-Joon was <a href="https://crypto.news/terraform-labs-ex-financial-officer-extradited-back-to-south-korea/" target="_blank" rel="noopener noreferrer nofollow">extradited</a> on Feb. 5, but it’s unclear what litigation he might face or when authorities will arraign him.&nbsp;
Read more: <a href="https://crypto.news/do-kwons-serbian-enterprise-outlasts-terraform-labs-collapse/" rel="noopener noreferrer nofollow"> Do Kwon’s Serbian enterprise outlasts Terraform Lab’s collapse </a>

Do Kwon’s extradition to US approved by Montenegro court

Table of Contents

crypto.news

Other articles published on Feb 21, 2024

This Gaming Altcoin is Set For 60x Returns – Predicts Analyst

NAKA’s Bullish Signs Revealed by Popular Crypto Trader and Analyst

MetaMask and Blockaid Join Forces to Bring Privacy-First Alerts for Users

Bitcoin’s Indecisive Movement Shakes Crypto Market; Altcoins Under Watch

Price Prediction for Casper Ending January Through February 2023

VanEck’s Spot Bitcoin ETF Sees Massive Surge in Volume After Fee Reduction

Join our free newsletter for daily crypto updates!