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<h4><strong>US authorities are seeking to challenge the recent verdict by the Montenegrin high court, which ordered the extradition of Do Kwon to South Korea rather than the United States. </strong></h4> 
<p>US prosecutors want Kwon extradited and to face prosecution for his role in the 2022 <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/terra-luna-and-ust-crisis-explained/" target="_blank" rel="noopener">collapse</a> of the Terra Luna ecosystem. Let’s explore more about this news.</p> 
<h5><strong>US Prosecutors Continue to Push for Do Kwon’s Extradition</strong></h5> 
<p><span style="font-weight: 400;">Recent reports claim that US authorities will “continue to seek Kwon’s extradition following relevant international and bilateral agreements and Montenegrin law.”&nbsp;</span><span style="font-weight: 400;">Prosecutors said in a statement, “The United States appreciates the cooperation of the Montenegrin authorities in ensuring that all individuals are subject to the rule of law.”</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">High Court of Montenegro decides to extradite <a href="https://twitter.com/hashtag/DoKwon?src=hash&amp;ref_src=twsrc%5Etfw">#DoKwon</a>, founder of Terra, to South Korea <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f0-1f1f7.png" alt="🇰🇷" class="wp-smiley" style="height: 1em; max-height: 1em;"> instead of the U.S. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> He faces criminal charges in both countries for TerraUSD and Luna collapse, totaling $45 billion market cap loss. Arrested with forged passports a year ago. <a href="https://t.co/23Glc6tM1Y">pic.twitter.com/23Glc6tM1Y</a></p> 
 <p>— Crypto.Anu<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1faac.png" alt="🪬" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoAnu_) <a href="https://twitter.com/CryptoAnu_/status/1765913967463948440?ref_src=twsrc%5Etfw">March 8, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">The U.S. and South Korea submitted requests for Kwon’s extradition in early March 2023. However, both countries have sought to get him first. A previous <a href="https://www.altcoinbuzz.io/cryptocurrency-news/montenegro-court-approves-extradition-of-terra-founder-do-kwon/" target="_blank" rel="noopener">ruling</a> by the Podgorica High Court ruled for Kwon’s extradition to the US on February 21. However, the Montenegro Appeals Court overturned the ruling. It cited “significant violations of the provisions of criminal procedure.” The ruling also handed Kwon to South Korean authorities.&nbsp;</span></p> 
<h5><strong>US to Appeal to the Supreme Court</strong></h5> 
<p><span style="font-weight: 400;">Some <a href="https://www.bloomberg.com/news/articles/2024-03-08/us-to-contest-do-kwon-extradition-to-south-korea-in-crypto-case" target="_blank" rel="noopener">reports</a> claim US authorities could take their case to the Supreme Court of Montenegro. This is the country’s highest court. However, it appears Kwon’s camp favors a return to South Korea as it keeps him closer to his family.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Terra's second most important man and Do Kwon's assistant was released in South Korea.</p> 
 <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;">We think Do Kwon will be released in the same way. However, the US approach will also be decisive.</p> 
 <p>The USA will not leave it like this.<a href="https://twitter.com/hashtag/LUNC?src=hash&amp;ref_src=twsrc%5Etfw">#LUNC</a> <a href="https://twitter.com/hashtag/USTC?src=hash&amp;ref_src=twsrc%5Etfw">#USTC</a> </p> 
 <p>1/2 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f6.png" alt="🧶" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/C16acs6vZk">pic.twitter.com/C16acs6vZk</a></p> 
 <p>— Crypto News Portal (@TerraNewsEN) <a href="https://twitter.com/TerraNewsEN/status/1765744501329449352?ref_src=twsrc%5Etfw">March 7, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Interestingly, Kwon faces the possibility of a 40-year sentence in South Korea. Korean authorities accused the former Terraform Labs CEO of violating market laws and committing fraud. Meanwhile, US prosecutors have charged Kwon with a series of crimes, including fraud and market manipulation.&nbsp;</span></p> 
<p><span style="font-weight: 400;">Do Kwon was arrested and charged in Montenegro last year for allegedly traveling with fake documents. He was handed a four-month sentence and currently seems set to face a major legal battle in the United States or Canada.&nbsp;</span></p> 
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<h5><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</h5> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/us-challenges-montenegros-extradition-decision-on-do-kwon/">US Challenges Montenegro’s Extradition Decision on Do Kwon</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

US Challenges Montenegro’s Extradition Decision on Do Kwon

Altcoin Buzz

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