Montenegro Plans to Extradite Crypto Tycoon Do Kwon to the USA
The justice official in Montenegro has revealed privately that the country intends to send crypto tycoon Do Kwon to the USA instead of South Korea to face criminal charges. Kwon, who has been in a Montenegro prison since March, is being sought by both the USA and South Korea for extradition.
Charges and Extradition Battle
The prosecutors in the United States and South Korea want Kwon to stand trial for fraud and violations of securities law related to the collapse of Terraform Labs, including charges of commodities fraud, wire fraud, and securities fraud. While the final decision of his extradition lies with Montenegro’s justice minister, a ruling from Montenegro’s courts on Do Kwon’s appeal is expected first.
No Disclosure of Whereabouts
Kwon has repeatedly denied claims of being on the run, despite having his passport stripped by South Korean authorities and a red corner notice issued by Interpol. In a podcast, Kwon explained why he was reluctant to disclose his location.
Hot Take: High-Stake Extradition Battle for Crypto Tycoon
The extradition battle for crypto tycoon Do Kwon is intensifying, with Montenegro’s decision to potentially send him to the USA instead of South Korea. This case highlights the global nature of crypto-related crimes and the disputes that can arise between different jurisdictions seeking to prosecute individuals. As governments around the world grapple with the regulation and oversight of cryptocurrencies, cases like this demonstrate the challenges in holding individuals accountable for their actions in the decentralized and borderless crypto space.
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