The United States government is set to continue its fight for the extradition of Terraform Labs co-founder Do Kwon to the country after a Montenegrin court ordered the deportation of the crypto mogul to his home nation, South Korea.
According to a Bloomberg report, prosecutors in the U.S. are hellbent on making Kwon face charges for his role in the $40 billion collapse of the TerraLuna ecosystem in May 2022.
The Justice Departmentâs resolve comes as the Appellate Court of Montenegro overturned a previous ruling by a high court to extradite the former Terraform Labs CEO to the U.S., citing significant violations of the provisions of criminal procedure.
Kwonâs extradition story is filled with twists and turns. The appeal courtâs latest decision is the third win his legal team has bagged regarding his extradition to the U.S. or South Korea. Kwon initially won two appeals against a Montenegrin high courtâs decision in favor of the extradition requests in December and February on the grounds of incorrect applications of legal provisions of the extradition procedures.
Following the latest ruling, the National Police Agency of South Korea has asked Interpol for support in extrading Kwon to the country. Interpol has yet to respond.
Kwonâs extradition to South Korea is seen as a win for him because it is believed he could flex his connections in the country and land a lighter sentence, which would not be the case if he were sent to the U.S. These speculations are also substantiated by his lawyers expressing a preference for the former crypto executive to be extradited to his home country.
Nonetheless, Kwon will inevitably face the wrath of the law in the U.S., probably after serving his sentence in South Korea.
This series of events unfolded roughly two years after Terraâs collapse because Kwon went into hiding following the ecosystem implosion. However, he was eventually arrested at a Montenegro airport for traveling with fake documents.
The post US Government to Fight Do Kwonâs Extradition to South Korea: Report appeared first on CryptoPotato.
According to a Bloomberg report, prosecutors in the U.S. are hellbent on making Kwon face charges for his role in the $40 billion collapse of the TerraLuna ecosystem in May 2022.
Kwon to Be Extradited to South Korea
The Justice Departmentâs resolve comes as the Appellate Court of Montenegro overturned a previous ruling by a high court to extradite the former Terraform Labs CEO to the U.S., citing significant violations of the provisions of criminal procedure.
Kwonâs extradition story is filled with twists and turns. The appeal courtâs latest decision is the third win his legal team has bagged regarding his extradition to the U.S. or South Korea. Kwon initially won two appeals against a Montenegrin high courtâs decision in favor of the extradition requests in December and February on the grounds of incorrect applications of legal provisions of the extradition procedures.
Following the latest ruling, the National Police Agency of South Korea has asked Interpol for support in extrading Kwon to the country. Interpol has yet to respond.
A Win for Kwon?
Kwonâs extradition to South Korea is seen as a win for him because it is believed he could flex his connections in the country and land a lighter sentence, which would not be the case if he were sent to the U.S. These speculations are also substantiated by his lawyers expressing a preference for the former crypto executive to be extradited to his home country.
Nonetheless, Kwon will inevitably face the wrath of the law in the U.S., probably after serving his sentence in South Korea.
This series of events unfolded roughly two years after Terraâs collapse because Kwon went into hiding following the ecosystem implosion. However, he was eventually arrested at a Montenegro airport for traveling with fake documents.
The post US Government to Fight Do Kwonâs Extradition to South Korea: Report appeared first on CryptoPotato.
![[DK]](/data/avatars/s/57/57999.jpg?1720990206){kind=avatar}
