United

Terra

<div class="coinjournal">
 <ul>
  <li>Montenegro Court revokes Do Kwon’s extradition, citing procedural violations.</li>
  <li>Former Terra CFO Han Chang-joon extradited to South Korea after Montenegro sentence.</li>
  <li>US SEC trial postponed, hinting at legal manoeuvres amidst extradition proceedings.</li>
 </ul>
 <p>In a significant turn of events, the Court of Appeals in Montenegro has revoked the decision to extradite Do Kwon, the co-founder of Terra, to South Korea and the United States. This decision follows a series of legal battles and <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> attempts stemming from charges related to the collapse of Terra’s stablecoin. It follows a similar decision by the Appellate Court of Montenegro in November 2023 before the Montenegrin High Court upheld Do Kown’s <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> request for a second time in December.</p>
 <p>Meanwhile, Kwon’s former CFO, Han Chang-joon, has been extradited to South Korea, facing potential life imprisonment.</p>
 <h2 id="extraditing-do-kwon-incomprehensible">Extraditing Do Kwon incomprehensible</h2>
 <p>In granting Do Kwon’s second appeal against extradition the Court of Appeal cited significant violations of criminal procedure provisions. The appellate court ruled that the decision to extradite Kwon was incomprehensible and failed to properly handle extradition requests from South Korea and the United States.</p>
 <p>The appellate court clarified that <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> decisions should be made by the courts, not the Minister of Justice, as per the Law on International Legal Assistance in Criminal Matters. This decision marks a crucial development in Kwon’s fight against <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a>, providing hope for a fair trial and due process.</p>
 <p>The case has now been returned to the court of first instance for retrial, indicating a potential reprieve for Kwon in his legal battle.</p>
 <h2 id="former-terra-cfo-extradited-to-south-korea">Former Terra CFO extradited to South Korea</h2>
 <p>While Kwon’s extradition battle continues, his former CFO, Han Chang-joon, has been extradited to South Korea after serving a prison sentence in Montenegro.&nbsp;</p>
 <p>Chang-joon, arrested alongside Kwon in March 2023 while attempting to leave the country, now faces potential life imprisonment in South Korea. His <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> underscores the severity of the legal consequences tied to the Terra-LUNA crisis, which rocked the crypto market with a staggering $60 billion collapse.</p>
 <p>In parallel, the postponement of the civil trial brought by the US Securities and Exchange Commission (SEC) against Terraform Labs and Kwon hints at ongoing legal manoeuvres. The delay is likely aimed at facilitating Kwon’s <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> from Montenegro, signalling the complex interplay between legal jurisdictions and regulatory actions.</p>
 <p>As Do Kwon’s <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> battle unfolds, the outcome remains uncertain. However, these recent developments underscore the high stakes involved for Kwon, Terra and the broader cryptocurrency industry amidst heightened regulatory scrutiny and legal challenges.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/montenegro-court-of-appeal-revokes-do-kwon-s-extradition-again-tbt79287.html">https://thebittimes.com/montenegro-court-of-appeal-revokes-do-kwon-s-extradition-again-tbt79287.html</a></p>

Montenegro Court of Appeal revokes Do Kwon’s extradition again

Table of Contents

TheBitTimes

Other articles published on Feb 8, 2024

Crypto Investor Reaps Massive Profit from PANDORA Coin Sale

XRP Ledger (XRPL) Clawback Amendment Goes Live on Mainnet

Crypto custodian Bakkt discloses to the SEC it is facing liquidity issues

Overwatch 2 Season 9 Brings Major Updates and Competitive Rework in Early 2024

Investors From Solana (SOL) and Decentraland (MANA) Recognise New Kelexo (KLXO) Presale Is Underv...

Kresus Crypto Wallet Offers a Hassle-Free Solution for NFTs Storage via Sotheby’s Metaverse

Join our free newsletter for daily crypto updates!