1 week ago
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- Montenegro reverses determination to nonstop Do Kwon to his autochthonal South Korea to look charges.
- Terra laminitis was arrested successful Montenegro successful March 2023.
- Decision whitethorn extremity analyzable extradition tangle betwixt US and South Korea.
Do Kwon is not headed for South Korea aft all.
On Friday, quality broke that Do Kwon, the laminitis of the failed Terra blockchain ecosystem, would beryllium extradited to the US from Montenegro alternatively of his autochthonal South Korea.
In a connection issued by the Department of Justice successful the tiny Balkan nation, officials said US prosecutors’ petition that Kwon look proceedings connected fraud changes successful New York would beryllium granted.
“Most of the criteria provided by the instrumentality use to the petition for extradition by the competent authorities of the United States of America,” said a statement from the Minister of Justice Bojan Božović.
Bloomberg News archetypal reported the development.
It is unclear erstwhile Do Kwon whitethorn beryllium extradited. He has said successful the past that helium is not guilty.
South Korea wins a round
For months, US prosecutors and their South Korean counterparts person sought to extradite Kwon from Montenegro to look charges successful their respective jurisdictions.
In August, a Montenegro appellate tribunal ordered that Kwon beryllium sent to South Korea to look justice.
Yet present it appears that the Southern District of New York, the aforesaid bureau that prosecuted Sam Bankman-Fried, prevailed successful persuading Montenegro’s courts to nonstop him to Manhattan instead.
Given however convoluted the extradition process has been implicit the past year, it is inactive imaginable that Kwon’s destination whitethorn change.
There has been disorder astir the decision-making successful the lawsuit betwixt the courts and Ministry of Justice. And Kwon whitethorn inactive beryllium capable to entreaty this latest development.
In March 2023, Kwon was arrested connected the tarmac of Podgorica Airport successful the Montenegrin superior with an associate.
The 2 men were travelling connected fake Costa Rican passports and were astir to committee a backstage pitchy for Dubai.
Kwon, who has been the people of an Interpol reddish announcement aft going underground pursuing the illness of Terra that May, hid retired successful neighbouring Serbia for months, according to reporting by DL News.
Pedro Solimano is simply a markets analogous based successful Buenos Aires. Got a tip? Email him at [email protected].
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