{"id":7031,"date":"2023-11-24T15:40:47","date_gmt":"2023-11-24T15:40:47","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7031"},"modified":"2024-03-30T06:52:20","modified_gmt":"2024-03-30T06:52:20","slug":"montenegro-approved-extradition-of-do-kwon-to-south-korea-or-usa","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/montenegro-approved-extradition-of-do-kwon-to-south-korea-or-usa\/","title":{"rendered":"Montenegro Approved the Extradition of Do Kwon to South Korea or USA!"},"content":{"rendered":"<p>Do Kwon Extradition Approved by Montenegro! The High Court of Montenegro has approved a significant decision regarding the <strong>extradition of Terraform Labs co-founder Do Kwon<\/strong>. The court announced that it had determined the legal requirements necessary for Kwon&#8217;s <strong>extradition to South Korea or the United States<\/strong>. The official announcement was published on the court&#8217;s website on November 24.<\/p>\n<p>In the court&#8217;s statement, it was stated that Kwon&#8217;s extradition was approved and the final decision would be given by the <strong>Minister of Justice of Montenegro<\/strong>. It was recalled that Kwon was previously sentenced to four months in prison in a Montenegro court on charges of trying to flee to Dubai by private jet using a <strong>fake passport<\/strong>. In June 2023, it was revealed that Kwon was charged with trying to leave the country using a <strong>fake Costa Rican passport<\/strong>.<\/p>\n<p><strong>You May Be Interested:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/coinbase-reserves-increase-while-binance-bitcoin-reserves-decrease\/\">Coinbase Reserves Increasing, Binance Bitcoin Reserves Decreasing!<\/a><\/strong><\/p>\n<p>In the court&#8217;s announcement, it was emphasized that if the Minister of Justice gives final extradition permission, the extradition would take place after the execution of the sentence given in the <strong>fake document case<\/strong>.<\/p>\n<p><strong>Do Kwon<\/strong> was arrested in May 2022 due to his <strong>role in the $40 billion collapse of the Terra ecosystem<\/strong>. While it was mentioned that both the US and South Korea <strong>requested Kwon&#8217;s extradition<\/strong>, the court&#8217;s statement said that the Terraform Labs co-founder could be punished in both countries.<\/p>\n<p>In the US, charges awaiting Kwon include accusations by the Department of Justice about the <strong>collapse of TerraUSD and LUNA<\/strong> and a <strong>lawsuit related to fraud<\/strong> from the Securities and Exchange Commission. It is reported that if extradited to South Korea, Kwon <strong>could be sentenced to 40 years in prison<\/strong>.<\/p>\n<p>Last week, information was shared regarding the decision by <strong>Montenegro&#8217;s highest court to reject Kwon&#8217;s appeal and keep him in prison<\/strong>. It is mentioned that Kwon is currently <strong>being held in Spu\u017e prison<\/strong> and is allowed to go out for one hour a day, while European officials reportedly stated that <strong>prison conditions are cramped and ventilation is inadequate<\/strong>.<\/p>\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_preserved_bg=\"rgb(255, 255, 255)\" data-darkmysite_preserved_color=\"rgb(16, 19, 20)\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMNzVxQsw__DcAw?ceid=TR:tr&amp;oc=3\" data-darkmysite_preserved_bg=\"rgb(255, 255, 255)\" data-darkmysite_preserved_color=\"rgb(16, 19, 20)\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_preserved_bg=\"rgb(255, 255, 255)\" data-darkmysite_preserved_color=\"rgb(16, 19, 20)\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Stay up to date with our content<\/strong><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_preserved_bg=\"rgb(255, 255, 255)\" data-darkmysite_preserved_color=\"rgb(16, 19, 20)\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"> by following us on Google News!<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do Kwon Extradition Approved by Montenegro! The High Court of Montenegro has approved a significant decision regarding the extradition of Terraform Labs co-founder Do Kwon. The court announced that it had determined the legal requirements necessary for Kwon&#8217;s extradition to South Korea or the United States. The official announcement was published on the court&#8217;s website<\/p>\n","protected":false},"author":1,"featured_media":7030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[1675,2508,2509,2510,1265],"class_list":["post-7031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-do-kwon","tag-do-kwon-fraud","tag-do-kwon-montenegro","tag-do-kwon-terra-luna","tag-terra-luna-classic"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Montenegro Approved the Extradition of Do Kwon to South Korea or USA! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Do Kwon Extradition Approved by Montenegro! 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