An Extradition Battle for Do Kwon: Montenegro Approves US Transfer
Montenegroโs High Court has given the green light for the extradition of Do Kwon, a central figure in the Terra Luna crypto crash, to the United States. This decision comes after the local Supreme Court overturned a previous ruling that would have extradited Kwon to South Korea, restarting the extradition process.
Montenegro Court Decision on Do Kwonโs Extradition
The Podgorica High Court in Montenegro ruled in favor of extraditing Kwon to the US, stating that all legal requirements for extradition to both South Korea and the United States were met. However, the final decision lies with Justice Minister Andrej Milovic, who will determine the next steps of the extradition case.
The Extradition Saga Continues
- Previous extradition decision invalidated by Supreme Courtโs ruling
- Podgorica High Court repeats extradition review process
- Final decision on extradition rests with Justice Minister Milovic
The previous extradition decision made last year was voided due to the Supreme Courtโs intervention, which stated that the court had exceeded its authority in the extradition process. The courtโs role is to ensure legal requirements are met, while the decision on extradition approval lies with the relevant minister. Consequently, the Podgorica High Court had to revisit the extradition review, leading to the recent approval for extradition.
Whatโs Next for Do Kwon?
- Speculation mounts on higher likelihood of US extradition
- Defense team has opportunity to appeal within a three-day window
- Minister Milovicโs strong ties with the US could influence the decision
Despite ongoing appeals, the prospect of Do Kwonโs extradition to the US has intensified, given Minister Milovicโs preference for Kwon to face legal proceedings in the United States. The defense team has a limited timeframe to appeal the recent ruling once they have the translated judgment. Milovicโs close ties with the US as Montenegroโs key foreign policy partner may sway the decision in favor of extradition.
Unraveling Do Kwonโs Story
- The co-founder of Terraform Labs goes missing
- Arrested in Montenegro after a journey through UAE and Serbia
- Detained for using a fake passport
Do Kwon, co-founder of Terraform Labs, vanished before the Terra Luna crypto crash in 2022 and reappeared in Montenegro after travels through the UAE and Serbia. Arrested at a local airport for using a false passport, Kwon served a short prison sentence and was later transferred to a foreign detention center upon release. With Kwonโs future in limbo, the final decision rests on Justice Minister Milovic.
Analysis of Luna Classicโs Performance
Currently, Luna Classic (LUNC), the native token of the original Terra blockchain, is trading at $0.0001285. The token has seen a 31% price drop over the past month, but a minor 1.2% increase in the last 24 hours amidst the ongoing legal proceedings involving Do Kwon.
Hot Take: Implications of Do Kwonโs Extradition Decision
The approval of Do Kwonโs extradition to the United States by Montenegroโs High Court sets the stage for potential legal action against the key figure in the Terra Luna crypto crash. With Minister Milovic holding the key to Kwonโs fate, the ripple effects of this decision could have significant ramifications for the crypto industry.
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