Terra

Dubai

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Do Kwon is set to remain in the Balkan country until a decision is made, according to the Montenegrin Supreme Court.</li> 
 <li>The announcement overturns past decisions from two other courts trying to extradite him.</li> 
</ul> 
<p>The Supreme Court of Montenegro has just placed a pause on the founder of Luna/Terra, Do Kwon’s pending extradition to South Korea. Today, <a href="https://sudovi.me/vrhs/sadrzaj/ONBM" rel="nofollow noopener" target="_blank">the court issued an order</a> that overturned earlier decisions that came from two lower courts fighting to extradite Kwon to his native country.</p> 
<p><a href="https://crypto.ro/en/news/terra-labs-co-founder-do-kwon-convicted-in-montenegro-for-fakepassport-usage/">Do Kwon was arrested in Montenegro</a> and jailed following an attempt to use fake Costa Rican documents on his way to Dubai after being on the run for months. He has been in Montenegrin custody since.</p> 
<p>This latest decision is putting a time-out on the South Korea-US war over Kown. Both countries set their eyes on Kwon for criminal charges, including fraud. The issues are related to the $40 billion collapse of the Terra ecosystem back in May 2022.</p> 
<p>Kwon was able to postpone the extradition for a whole year, but the Montenegrin Appellate court decided to extradite him to South Korea earlier this month – this would have happened if the country’s top prosecutor stepped in.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://twitter.com/LeJournalDuCoin/status/1771196029297123479/photo/1" rel="nofollow noopener" target="_blank"><img decoding="async" src="https://pbs.twimg.com/media/GJSNZksWgAAKBIl?format=jpg&amp;name=900x900" alt="Do Kwon" width="740" height="508" data-wp-editing="1" title="Luna/Terra's Do Kwon's Extradition To South Korea Is Postponed 5"></a>
 <figcaption class="wp-caption-text">
  Do Kwon
 </figcaption>
</figure> 
<h2 id="the-court-s-decision-overstepped-the-limits-of-its-power">The court’s decision overstepped the limits of its power</h2> 
<p>The other day, the Office of the Supreme State Prosecutor issued a statement in which the entity argued that the court’s decision overstepped the limits of its power.</p> 
<p>Also, the prosecutor said that a decision regarding Kwon’s extradition could only be made by the country’s minister of Justice.</p> 
<p>The court in Montenegro has now stopped the extradition of Kwon over “significant violations of the provisions of criminal procedure.”</p> 
<p>Terraform Labs is scheduled to go on trial next week and it will be faced with charges brought by the US SEC.</p> 
<p>The fall of Luna and the stablecoin TerraUSD (UST) occurred back in 2022, and it affected companies including Celsius, Voyager, Three Arrows, and many more.</p>

Luna/Terra’s Do Kwon’s Extradition To South Korea Is Postponed

목차

crypto.ro global

2024년 3월 22일에 게재된 다른 기사

Bithumb Prepares for Strategic Business Separation

Avalanche And Toncoin Show Decent Strength Amid Market Turmoil While Experts Spot Similar Strengt...

Amid NEAR Protocol’s Growth, Investors Rush to BlockDAG Presale for 5000x ROI, As Batch 3 Ends an...

Ethereum Struggles with Key Price Barriers

Ethereum Price Prediction: ETH Targets $5000 Following Dencun Upgrade, Retik Finance (RETIK) and ...

U.S Authorities Striving Hard for Do Kwon’s Extradition

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!