After a sequence of back-and-forths concerning Do Kwon’s extradition, it seems that the Terraform Labs co-founder and former CEO might lastly be handed over to South Korean authorities after the Appellate Court docket of Montenegro confirmed a earlier resolution to extradite him to his native nation.
Terraform Labs’ Chief Govt Officer, who was arrested in March 2023 with Kwon in Montenegro, was earlier ordered to be extradited to the US earlier than the Appellate Court docket intervened.
Do Kwon Loses Attraction In opposition to Extradition to South Korea
The Appellate Court docket of Montenegro, in an announcement on March 20, stated it upheld an earlier March ruling from the Excessive Court docket to extradite Do Kwon to South Korea. Additionally, the Montenegrin Court docket of Attraction rejected Kwon’s enchantment to overturn the choice from the Podgorica Excessive Court docket.
In contrast to the latest loss, Kwon and his authorized protection group have received three completely different appeals to forestall the Terraform Labs’ co-founder from being extradited to both South Korea or america.
Whereas it earlier appeared that he was going to be deported to america, the Appellate Court docket overruled the choice of the Excessive Court docket to extradite the previous crypto mogul to the US, citing felony procedural violations.
Though it was not said when the extradition would occur, South Korea’s Police reportedly sought help from the Secretariat of the Worldwide Prison Police Group (Interpol) to deliver Kwon into the nation.
South Korea Over america
The Appellate Court docket said in its latest announcement that South Korea’s request for Kwon’s extradition got here earlier than one other one from the US, an element that was thought of by the Excessive Court docket.
“Deciding on the enchantment of the defendant’s counsel, the panel of the Court docket of Appeals assessed that the first-instance courtroom had accurately established that the request of the Republic of South Korea arrived earlier within the order of arrival in comparison with the request of the USA, so it accurately assessed this and different standards.”
Nonetheless, US prosecutors, who levied fees towards the previous Terraform Labs government concerning the collapse of TerraUSD (UST) stablecoin and the LUNA token, want to battle Kwon’s deportation to South Korea.
Kwon, who was arrested in Montenegro alongside Terraform’s former Chief Authorized Officer, Han Chang-joon, was sentenced to 4 months in jail after he was discovered responsible of carrying a faux passport.
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