Do Kwon Faces Extradition to South Korea
Do Kwon, the co-founder and former CEO of Terraform Labs, may soon be extradited to South Korea after the Appellate Court of Montenegro upheld a previous decision to hand him over to his native country. Kwon’s extradition has been a subject of debate for some time, with conflicting rulings from various courts. However, it seems that the latest decision will see him returned to South Korea to face legal proceedings.
The Appellate Court’s Decision
The Appellate Court of Montenegro recently announced that it has upheld the earlier ruling from the High Court to extradite Do Kwon to South Korea. The court also rejected Kwon’s appeal against this decision. This marks a significant loss for Kwon and his legal defense team, who had previously succeeded in preventing his extradition to both South Korea and the United States through several appeals.
While there were initial indications that Kwon would be deported to the United States, the Appellate Court overturned the High Court’s decision due to procedural violations. Now, it appears that Kwon will be sent back to his home country instead.
South Korea’s Request Takes Precedence
The Appellate Court noted in its announcement that South Korea had requested Kwon’s extradition before the United States did. This factor was considered by the court when making its decision. The request from South Korea arrived earlier in chronological order, giving it priority over the US request.
However, US prosecutors are not giving up easily. They have charged Kwon in relation to the collapse of TerraUSD (UST) stablecoin and the LUNA token and are fighting against his deportation to South Korea. It remains to be seen how this legal battle will unfold.
Kwon’s Arrest and Sentence
Kwon was arrested in Montenegro along with Han Chang-joon, Terraform’s former Chief Legal Officer. He was found guilty of carrying a fake passport and sentenced to four months in prison. This arrest sparked a series of legal proceedings and extradition debates that have now culminated in the Appellate Court’s decision.
Conclusion
Do Kwon, the co-founder and former CEO of Terraform Labs, is facing extradition to South Korea following the recent decision by the Appellate Court of Montenegro. Despite previous successful appeals to prevent his extradition, it seems that Kwon will finally be sent back to his native country to face legal proceedings. The court’s decision was influenced by the fact that South Korea’s extradition request came before the United States’. However, US prosecutors are fighting against this outcome and seeking to keep Kwon in their jurisdiction. The resolution of this case will have significant implications for Kwon and the future of Terraform Labs.
Hot Take: Do Kwon’s Extradition Looms
The Appellate Court of Montenegro has confirmed its decision to extradite Do Kwon, co-founder and former CEO of Terraform Labs, to South Korea. This marks a significant development in a case that has seen multiple twists and turns. While Kwon had previously managed to avoid extradition through successful appeals, it seems that he will finally be returned to his home country. The court’s decision was influenced by the chronological order of extradition requests, with South Korea’s request taking precedence over that of the United States. However, US prosecutors are not giving up without a fight and are seeking to challenge Kwon’s deportation. The outcome of this legal battle remains uncertain.
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