US Authorities Seek Extradition of Do Kwon in Terra Luna Collapse Case
US authorities are pushing for the extradition of Do Kwon to face prosecution for his involvement in the collapse of the Terra Luna ecosystem in 2022. The Montenegrin high court recently ordered Kwon’s extradition to South Korea instead of the United States, but US prosecutors want him extradited to their country. This article explores the latest developments in this case.
US Prosecutors Continue to Pursue Extradition
Recent reports confirm that US authorities will persist in seeking Do Kwon’s extradition based on international and bilateral agreements as well as Montenegrin law. In a statement, prosecutors expressed their appreciation for the cooperation of Montenegrin authorities in upholding the rule of law.
US to Appeal to the Supreme Court
The US may take its case to the Supreme Court of Montenegro, which is the highest court in the country. However, it seems that Kwon’s camp prefers him to be returned to South Korea, as it would keep him closer to his family.
Kwon Faces Potential 40-Year Sentence in South Korea
If extradited to South Korea, Do Kwon could potentially face a 40-year prison sentence. Korean authorities have accused him of violating market laws and committing fraud. In the US, Kwon has been charged with multiple crimes, including fraud and market manipulation.
Hot Take: Extradition Battle Continues for Do Kwon
The ongoing battle over Do Kwon’s extradition continues between the United States and South Korea. While US authorities are determined to bring him back and prosecute him for his role in the Terra Luna collapse, Kwon’s camp seems to prefer a return to South Korea. The outcome of this case will have significant implications for Kwon’s future and the handling of similar cases in the cryptocurrency industry.
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