A New Appeal Against Extradition
Do Kwon, the former influential Korean crypto mogul, is currently facing criminal charges in the U.S. and South Korea after the collapse of Terraform Labs. His lawyer, Goran Rodic, has announced that they have once again appealed the decision for his extradition by the Montenegro High Court. They are awaiting a new decision from the Court of Appeal.
Alleged Political Pressure
Rodic claims that the High Court’s decision to uphold the extradition requests violates the law, European Convention on Extradition, and bilateral treaty with America. He also suggests that there is political pressure on the court, which is detrimental to Do Kwon.
The Terra Collapse
In May 2022, the collapse of Terraform Labs caused a market crash and raised many questions and uncertainties in the crypto world. The network’s assets, TerraUSD (UST) and Luna (LUNA), plummeted in value, resulting in around $50 billion loss within a week.
Legal Troubles and Extradition
Following the collapse, Do Kwon was detained in Montenegro for using falsified travel documents. He was sentenced to four months in prison and his detention was extended by two months at the request of the U.S. and South Korea. Now, he awaits the Montenegro High Court’s decision on his extradition request from both countries.
SEC Trial Delay
Due to the ongoing extradition proceedings in Montenegro, Do Kwon has requested a delay in his trial against the SEC for market manipulation and fraud charges.
Hot Take: Do Kwon Appeals Extradition Decision Amidst Allegations of Political Pressure
Do Kwon, the Korean crypto mogul involved in the collapse of Terraform Labs, has once again appealed the decision for his extradition. His lawyer claims that political pressure is being exerted on the court and that the decision violates the law and international treaties. The collapse of Terraform Labs had a significant impact on the crypto market, leading to a loss of around $50 billion within a week. Do Kwon’s legal troubles continue as he awaits the Montenegro High Court’s decision while facing criminal charges in multiple countries.
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