Do Kwon’s Extradition to the US May Be Overturned Again 😮🔁

Do Kwon's Extradition to the US May Be Overturned Again 😮🔁

Another Twist in Do Kwon’s Extradition Battle

There may be another twist in the legal saga surrounding Terraform Labs founder Do Kwon. The High Court in Montenegro’s capital, Podgorica, has indicated the possibility of another reversal in the extradition decision of Do Kwon to the United States, according to a report by PANews.

Possibility of Reversal by Court of Appeals

The Court of Appeals had previously overturned the High Court’s decision on Do Kwon’s extradition twice, as stated by Marija Rakovic, a public information officer at the High Court. Rakovic emphasized that while they cannot predict the Court of Appeal’s decision, there is a possibility that it may overturn the recent extradition decision if Do Kwon re-appeals.

Do Kwon’s Battle Against US Extradition

In recent developments, the High Court of Montenegro ruled in favor of Do Kwon’s extradition to the US over South Korea. This decision was made in response to charges against Do Kwon and Terraform Labs for violating US law by failing to register two digital currencies that collapsed in 2022. The US trial has been postponed to March 25 to facilitate the extradition process.

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Do Kwon’s legal battle has gained international attention following the collapse of his $40 billion digital asset project, which included the TerraUSD stablecoin and Luna token. Investors in TerraUSD and Luna reportedly lost around $42 billion. Despite Do Kwon’s claims that he did not profit from the crash, his previous statements and tweets expressing remorse have been heavily scrutinized.

The situation escalated when South Korea issued an international arrest warrant and an Interpol “red notice” for Do Kwon. His whereabouts became uncertain after authorities in Singapore were unable to locate him. However, he was eventually arrested in March 2023 in Podgorica, Montenegro, along with Terraform Labs’ former finance officer, Han Chang-joon, for using forged documents. Both South Korea and the US have sought his extradition.

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After serving a prison sentence in Montenegro for using fake travel documents, it was decided that Do Kwon would be extradited to the United States instead of South Korea. As the legal proceedings continue, the global crypto community eagerly awaits the final resolution of this complex case and the aftermath of Terraform Labs’ collapse.

Current Status of Terra Luna Classic (LUNC)

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At present, Terra Luna Classic (LUNC) is trading at $0.000125078.

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Bitro Conwell stands as an intellectual architect, weaving together the roles of crypto analyst, meticulous researcher, and editorial virtuoso with finesse. Amidst the digital intricacies of cryptocurrencies, Bitro’s insights resonate harmoniously with seekers of all stripes, showcasing a profound understanding. His ability to untangle the most complex threads within the crypto landscape seamlessly pairs his their editorial finesse, transforming intricacy into an artful tapestry of comprehension.