Court decides to extradite Do Kwon to Korea
Key Takeaways
- Do-kwon is expected to be extradited to South Korea after Montenegro’s appeals court rejected his appeal and established his legal obligation to be prosecuted there.
- The United States is also pursuing the extradition of Mr. Kwon on separate charges.
- The court ruled that South Korea’s extradition request receives priority based on South Korea’s early submission and legal compliance.
Dokwon Kwon, founder of Terraform Labs He is expected to be extradited to Korea to face criminal charges. It was confirmed by the Montenegrin Court of Appeal.
This decision came after that. The court dismissed his appeal against his conviction..
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The U.S. Department of Justice was strongly pursuing Mr. Kwon’s extradition to the United States. He has been involved in legal trouble there as well.
In the United States, Mr. Kwon is facing eight charges, including fraud and market manipulation, related to the collapse of the $40 billion Terra ecosystem. In South Korea, he has been charged with fraud and violating capital markets laws and faces 40 years in prison.
Before, Mr. Kwon overturned the decision in favor of his extradition to the United States. By arguing that the extradition request was legally inadequate.
However, a recent statement from the Court of Appeals made it clear: Extradition requests from South Korea are given priority due to their early arrival and meeting other necessary legal criteria.Therefore, his appeal was dismissed this time.
Mr. Kwon’s legal representative, Goran Roddick, said this. this The decision was clear, The door is closed on any further appeals from Kwon or the United States.
Although specific An extradition schedule has not been confirmed. The process is underway.
The ruling ends one chapter in the case of Kwon, who was arrested in Montenegro on March 23 for possession of false travel documents. His path now leads to South Korea, marking a decisive turn in the international legal issues surrounding the Terraform Labs founder.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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