Terra founder Do Kwon might be extradited to the U.S. following months of forwards and backwards between courts in Montenegro.
A Excessive Court docket of Podgorica, Montenegro’s capital, dominated to reject South Korea’s request to extradite Do Kwon to his residence nation for prison prosecution, per native media outlet Pobjeda.
Kwon’s protection legal professional, Goran Rodić, beforehand cited the European Conference on Extradition and Montenegrin Legislation on Internationa Authorized Assitance to assist arguments for South Korean extradition.
Nevertheless, Justice Minister Andrej Milović reportedly as soon as stated the choice was political, with a bilateral extradition settlement between the U.S. and Montenegro enjoying a significant function within the course of.
Do Kwon to attend Terra trial
The choice follows Do Kwon’s Feb. 8 victory within the Court docket of Appeals. His extradition had been revoked and returned to the Excessive Court docket for processing. With Kwon’s elimination from Montenegro seemingly settled, the U.S. could have almost two months to extradite him to be current for the SEC v. Terraform Labs case.
Terra’s courtroom case was delayed till Apr. 15 after a request from Kwon and an settlement with the SEC to postpone proceedings. The previous cryptocurrency billionaire and his blockchain agency are accused of defrauding clients and buyers in Terra’s ecosystem crash.
In South Korea, Terra can be being investigated for prison operations as a former firm developer testified that Kwon knew his mission was legally problematic. South Korean authorities additionally secured extradition rights for Kwon’s former chief monetary officer, Han Chang-Joon.
Chang-Joon was extradited on Feb. 5, but it surely’s unclear what litigation he would possibly face or when authorities will arraign him.