The post <a href="https://coinpedia.org/news/legal-turmoil-do-kwons-house-arrest-amidst-extradition-uncertainty/">Legal Turmoil: Do Kwon’s House Arrest Amidst Extradition Uncertainty</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
<a href="https://coinpedia.org/news/the-final-verdict-do-kwon-to-face-justice-in-south-korea-for-terra-crash/">Do Kwon’s legal troubles</a> seem to be never-ending? With his trial pending in the U.S. and the extradition deal not yet cleared and confirmed legally, Do Kwon, the co-founder of Terraform Labs, has been ordered from incarceration to house arrest in the latest court order.&nbsp; 
<h2 class="wp-block-heading" id="h-house-arrest-and-travel-restrictions">House Arrest and Travel Restrictions</h2> 
TerraUSD Cofounder Do Kwon’s legal troubles began with the catastrophic collapse of TerraUSD, amounting to a staggering $40 billion.&nbsp; 
On 22nd March, the Montenegrin Supreme Court order relieved Kwon from his jail time by sending him on a house arrest.&nbsp; 
However, along with the house arrest, the Montenegrin Supreme Court has also ordered passport detention and travel restrictions on Do Kwon, thereby effectively confining him to the borders of Montenegro.&nbsp; 
A couple of days back, the Montenegro Supreme Prosecutor questioned the authority of the High Court to pass the extradition request of Do Kwon to the U.S. The intervention and the lower court overstepping its boundary led the Supreme Court to intervene and halt the <a href="https://sudovi.me/vrhs/sadrzaj/ONBM">extradition </a>process. 
Also Check Out The:<a href="https://coinpedia.org/news/montenegros-supreme-state-prosecutor-challenges-do-kwons-extradition/"> Kwon vs South Korea? Top Montenegrin Prosecutor Fights Extradition Request</a> 
Local reports reveal the Council of the Supreme Court, composed of Judge Milenka Seka Žižić as the president of the council and judges Ana Vuković, Zoran Šćepanović, Dr. Vesna Vučković, and Seka Piletić, implemented this decision by citing Article 440, paragraph 4 of the Criminal Procedure Code, which mentions that “the Supreme Court, considering the content of the request for legal protection, may decide to postpone or suspend the execution of a final court decision.” 
As Do Kwon navigates the complexities of the legal landscape, his transition to house arrest marks a pivotal moment in his tumultuous journey. While uncertainties loom large, this respite offers stability amidst the turbulent seas of extradition and legal intricacies. 
Read More: <a href="https://coinpedia.org/news/ripple-ceo-criticizes-secs-legal-battles-warns-of-losing-war-against-ethereum/">Ripple CEO Slams SEC, Warns Ethereum Battle Threatens USA Crypto Dominance</a>

Legal Turmoil: Do Kwon’s House Arrest Amidst Extradition Uncertainty

Table of Contents

CoinPedia News

Other articles published on Mar 23, 2024

Cathie Wood Says Bitcoin Could Skyrocket To $3.8M By 2030 Thanks To 'Institutional Green Light'

Bitcoin ETF demand could rise as prices drop — CryptoQuant CEO

Algotech continues historic run with nearly $3m presale amidst SHIB and DOGE bull run

Ethereum Faces Critical Price Levels According to Analyst

Saudi Arabia Showcases AI and Bioeconomy Initiatives at Science 20 Meeting

Meme Market Gets Shaky, but $GFOX Perfectly Poised For Major Growth

Join our free newsletter for daily crypto updates!