As a seasoned researcher with a knack for unraveling complex legal narratives, I find myself thoroughly intrigued by the twists and turns of the Do Kwon saga. The latest development in Montenegro’s Supreme Court delaying the extradition decision adds another layer of complexity to an already convoluted tale.
The High Court of Montenegro has postponed the handover of Do Kwon, the contentious creator of Terraform Labs, to South Korea.
Following a petition for a legal review, submitted by the Supreme Prosecutor’s Office on August 2, the decision has been made to reconsider the previous court rulings that granted Kwon’s extradition. The office expressed doubts about potential legal infractions in those earlier decisions.
Kwon, under investigation for a suspected $40 billion cryptocurrency scam across South Korea, the U.S., and now Montenegro, finds himself entangled in a complex legal struggle involving these three countries.
Montenegrin newspaper Vijesti helped with this reporting.
Do Kwon timeline
As a researcher, I’ve been tracking the intricate dance of extradition decisions concerning Do Kwon’s case. In March 2023, an unexpected twist occurred when he was apprehended in Montenegro for allegedly using falsified travel documents. Subsequently, he was handed a four-month prison sentence. Throughout these months, requests for his extradition have been made, not just once but repeatedly, both from the United States and South Korea.
As a crypto investor, I’ve been closely following developments related to a certain individual in Montenegro. Initially, the courts ruled that this person would be extradited to the U.S., but later on, they decided in favor of South Korea instead. This shift was prompted by South Korea’s initial request and the serious allegations against the individual, which involve fraud and bribery charges.
In March 2024, the authorities of Montenegro agreed to send back one of the founders of Terraform Labs to South Korea.
As a researcher, I’ve been delving into the case of Kwon. It’s not just about extradition disputes; the legal troubles go deeper. In the spring of 2024, a New York jury deemed him and his company guilty of civil fraud, leading to a massive $4.5 billion settlement with the SEC. However, even after this settlement, U.S. authorities persist in their pursuit of criminal charges against him.
In simpler terms, the Supreme Court’s decision to temporarily halt Kwon’s extradition has made his ongoing legal situation even more intricate. His legal team claims that modifying the final verdict is an improper use of legal processes, pointing out discrepancies in how the Montenegrin court system managed this case.
As the Supreme Court reviews the request, Kwon will remain in detention.
Read More
Sorry. No data so far.
2024-08-08 17:46