Montenegro to finalize Do Kwon’s extradition destiny by week’s finish

Montenegro’s Justice Minister Bojan Božović confirmed {that a} determination had been reached relating to the extradition of Do Kwon, the co-founder of Terraform Labs.

In line with native media reviews on Oct. 17, the extradition course of will probably be signed by the top of this week. The choice comes after a prolonged authorized course of that has been mired in controversy and spanned a number of months.

Božović shunned offering further feedback on the specifics of the case and didn’t disclose the place Kwon can be extradited.

He stated:

“Because the Minister of Justice, I’ve no additional feedback past what the Supreme Court docket has established.”

Kwon’s authorized troubles in Montenegro first started when he and Terraform CFO Han Chang-joon had been arrested at Podgorica airport in March 2023 for making an attempt to make use of solid paperwork.

The 2 had been sentenced to jail phrases in Montenegro however remained on the middle of worldwide extradition requests as they fought prices overseas for his or her position within the collapse of TerraLUNA in 2022, which triggered greater than $40 billion in losses.

Chang-Joon was extradited to South Korea earlier in 2024 after finishing his sentence.

Montenegro’s determination on Kwon’s extradition is anticipated to convey readability to a case that has been mired in delays and appeals. South Korean authorities are more likely to expedite his return, with no additional avenues for enchantment inside Montenegro following the Appellate Court docket’s remaining ruling in August 2024.

If extradited to South Korea, Kwon will face an intense authorized battle, as a number of different Terraform executives have already been indicted, however the nation is seen as comparatively lenient when it comes to penalties for monetary crimes.

In the meantime, the US has pushed for Kwon’s prosecution on extra extreme prices, together with securities fraud, which implies he may face a prolonged jail sentence if prosecuted in American courts.

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