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The extradition of Terraform Labs’ Co-Founder, Do Kwon, to South Korea has hit a roadblock as Montenegro’s Workplace of the Supreme State Prosecutor challenged in opposition to the court docket order yesterday (Thursday).
The nation’s high prosecutor argued that the Excessive Courtroom’s choice to extradite Kwon to South Korea as an alternative of the US was carried out in an “abbreviated continuing” and exceeded the boundaries of the court docket’s attain. Curiously, when listening to an enchantment from Kwon’s legal professionals, an appellate court docket subsequently confirmed the choice to the Excessive Courtroom.
The Balkan nation’s prosecutors additional requested safety of legality earlier than the Supreme Courtroom to cease the extradition of Kwon to South Korea. The prosecutors additional argued that solely the Supreme Courtroom can determine on this case.
“The court docket, opposite to the regulation, performed abbreviated, as an alternative of normal proceedings and by exceeding the boundaries of its powers, decided on the extradition allow, which is the unique competence of the Minister of Justice,” the translated letter by the prosecutor acknowledged.
The tussle got here solely a day after an enchantment court docket rejected the plea to dam the extradition of Kwon to South Korea, the place he may face “a number of legal offenses.” Kwon is a citizen of South Korea.
The US or South Korea?
Nevertheless, the US additionally desires to extradite Kwon from Montenegro. The US prosecutors introduced eight costs and may transfer ahead with prosecuting him even with out his bodily presence. The US Securities and Trade Fee additionally introduced civil costs in opposition to Terraform Labs and Kwon.
Following the collapse of the 2 Terraform Labs’ cryptocurrencies, TerraUSD and Luna, in 2022, Kwon disappeared from public view. The US and South Korean authorities blamed him for the almost $37 billion wipeout of the crypto market, which later triggered the collapse and chapter of a number of different initiatives. Kwon was arrested final 12 months in Montenegro whereas touring with false paperwork.
Curiously, different high associates of Terraform Labs, together with co-founder Hyun-seong Shin and Chief Monetary Officer Han Chang-joon, have been arrested with Kwon and have been extradited to South Korea final month.
The extradition of Terraform Labs’ Co-Founder, Do Kwon, to South Korea has hit a roadblock as Montenegro’s Workplace of the Supreme State Prosecutor challenged in opposition to the court docket order yesterday (Thursday).
The nation’s high prosecutor argued that the Excessive Courtroom’s choice to extradite Kwon to South Korea as an alternative of the US was carried out in an “abbreviated continuing” and exceeded the boundaries of the court docket’s attain. Curiously, when listening to an enchantment from Kwon’s legal professionals, an appellate court docket subsequently confirmed the choice to the Excessive Courtroom.
The Balkan nation’s prosecutors additional requested safety of legality earlier than the Supreme Courtroom to cease the extradition of Kwon to South Korea. The prosecutors additional argued that solely the Supreme Courtroom can determine on this case.
“The court docket, opposite to the regulation, performed abbreviated, as an alternative of normal proceedings and by exceeding the boundaries of its powers, decided on the extradition allow, which is the unique competence of the Minister of Justice,” the translated letter by the prosecutor acknowledged.
The tussle got here solely a day after an enchantment court docket rejected the plea to dam the extradition of Kwon to South Korea, the place he may face “a number of legal offenses.” Kwon is a citizen of South Korea.
The US or South Korea?
Nevertheless, the US additionally desires to extradite Kwon from Montenegro. The US prosecutors introduced eight costs and may transfer ahead with prosecuting him even with out his bodily presence. The US Securities and Trade Fee additionally introduced civil costs in opposition to Terraform Labs and Kwon.
Following the collapse of the 2 Terraform Labs’ cryptocurrencies, TerraUSD and Luna, in 2022, Kwon disappeared from public view. The US and South Korean authorities blamed him for the almost $37 billion wipeout of the crypto market, which later triggered the collapse and chapter of a number of different initiatives. Kwon was arrested final 12 months in Montenegro whereas touring with false paperwork.
Curiously, different high associates of Terraform Labs, together with co-founder Hyun-seong Shin and Chief Monetary Officer Han Chang-joon, have been arrested with Kwon and have been extradited to South Korea final month.
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