Montenegro court approves extradition of Kwon Do-do
Key Takeaways
- A Montenegrin court approved Kwon Do-do’s extradition to Korea or the United States.
- This decision came after Kwon was sentenced for using a fake passport.
- Mr. Kwon is facing serious legal charges in Korea and the United States related to the collapse of the Terra ecosystem.
Dokwon Kwon, co-founder of Terraform Labs, is facing the following significant legal developments: A Montenegrin court approved his extradition to South Korea or the United States..
The Podgorica High Court said in a statement on 24 November: Confirmation that Kwon’s extradition legal requirements are metwith The final decision now rests in the hands of Montenegro’s Minister of Justice..
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This court ruling is as follows: Mr. Kwon was sentenced to four months in prison in Montenegro. He was accused of fleeing to Dubai using a fake passport. Mr. Kwon, who was indicted on charges of using a fake Costa Rican passport, is expected to be repatriated in June 2023. After completing his sentence for document forgery.
Mr. Kwon arrested in March 2023 It is linked to the dramatic collapse of the $40 billion Terra ecosystem in May 2022. Extradition requests from the U.S. and South KoreaHe could face potential legal repercussions in both countries.
In the United States, Mr. Kwon was implicated. SEC civil suit for fraud, Department of Justice criminal complaint. Conversely, this may be the case in Korea. Can face up to 40 years in prison For crimes alleged to have been committed in that country.
Montenegro’s highest court recently Kwon’s appeal dismissed, remained imprisoned in Spuž prison near Podgorica. Report Highlights difficult conditions in prisonThese include limited outdoor time and inadequate ventilation.
As the Montenegrin court approved his extradition, Mr. Kwon Do-kwon’s legal controversy intensified further, putting him at a critical juncture as he faces serious legal problems in Korea and the United States.
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