Montenegrin court delays Do Kwons extradition to South Korea

The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States.

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Do Kwon's Extradition Case Sent Back to High Court after Appeal: Report

The decision to extradite Do Kwon to either the US orSouth Korea has been returned to the High Court after the Court of Appeal in Montenegro granted an appeal by the Terraform Labs' Co-Founder and his lawyers.

Kwon's Appeal Granted

Montenegrin news outlet Vijesti reported today(Friday) that the countrys Court of Appeal accepted the arguments from Kwonslawyers. This action canceled a previous decision by the High Court and sentthe case back for retrial. This move represents the latest legal strategy byKwons team to postpone his extradition to either the US or South Korea,where he faces multiple criminal charges.

The initial ruling from the High Court in Podgorica onApril 8, 2024, determined that Kwon, a South Korean national, could beextradited for prosecution. However, the Court of Appeal found that thisdecision lacked decisive facts. Specifically, the High Court failed to providevalid reasons for its ruling, merely quoting an earlier decision by the SupremeCourt without adequate explanation.

The Court of Appeal highlighted the necessity of a cleardecision based on legal and factual issues. When multiple countries request theextradition of the same individual, specific criteria guide the decision. Thesecriteria are detailed in various international agreements, including theEuropean Convention on Extradition and the 1901 convention between Serbia and theUnited States. The first-instance court had not reportedly adequately examinedthese factors in Kwons case.

The High Court will now determine the case, ensuringKwon's consent to extradition was voluntary, informed, and irrevocable. Montenegros High Court now stands at acrossroads. The upcoming decision will determine whether Do Kwon will facejustice in the United States or South Korea.

Competing Extradition Requests

In March, Montenegro's Office of the Supreme StateProsecutor challenged the High Court's decision to extradite Kwon to SouthKorea. Montenegro's top prosecutor contended that the High Court oversteppedits authority by opting for an "abbreviated proceeding" to extraditeKwon to South Korea, bypassing a more thorough legal process.

The appellate court upheld the High Court's decision,but the Supreme State Prosecutor sought protection of legality from the SupremeCourt, asserting that only the Minister of Justice has the final say in suchmatters.

The United States has also requested Kwon's extradition,filing eight charges against him and indicating a willingness to prosecute himin absentia. Additionally, the US Securities and Exchange Commission hasbrought civil charges against Kwon and Terraform Labs. Kwon disappeared from public view after thecatastrophic collapse of TerraUSD and Luna cryptocurrencies in 2022, whicherased nearly $37 billion from the crypto market and led to several projectbankruptcies, before being arrested in Monetgenro.

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Montenegrin Justice Minister discussed Do Kwons case with SEC

The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. and South Korea.

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Do Kwon Faces a Gloomy Year in Montenegro’s Notorious Prison System

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Do Kwon's Fate Sealed: Montenegrin Court Rules for South Korean Extradition

Concerning the fate of cryptocurrency entrepreneur Do Kwon,a Montenegrin court has ruled in favor of his extradition to his native SouthKorea. The decision marks the latest twist in the legal saga that unfoldedfollowing Kwon's arrest in the Balkan nation last year.

Appeals Court Reverses Decision: Extradition to USOverturned

The High Court's ruling came swiftly after an appeals courtoverturned its previous decision to extradite Kwon to the United States, wherehe faces charges related to a $40 billion crash of Terraform Labs'cryptocurrency. Kwon, aged 32, was apprehended on an international arrestwarrant, following allegations of fraud and financial misconduct thatdevastated retail investors globally.

The legal battle over Kwon's extradition has beentumultuous, with both South Korea and the United States vying for custody. Lastmonth, the High Court initially decided to hand over Kwon to the US, but theCourt of Appeals nullified the decision, citing procedural discrepancies overthe timing of extradition requests.

UPDATE: Do Kwon could be extradited from Montenegro to South Korea after March 23, his lawyer said. https://t.co/wSn2X7eypD

SEC Seeks Summary Judgment

Earlier, the USSecurities and Exchange Commission (SEC) filed for summary judgment againstKwon and Terraform Labs, aiming to avoid a full trial, as reported by FinanceMagnates. The SEC argues that there's no dispute that purchasers investedmoney, alleging that Kwon and Terraform sold securities. The case hinges onwhether the assets sold meet the criteria of an investment contract under theHowey test.

The SEC contends that pooling money with the expectation ofprofits from promoters satisfies the Howey test. They allege Terraform and Kwonengaged in fraudulent conduct, making misleading statements about the stabilityof UST and arranging third-party interventions. Kwon's defense team argues thatthe SEC hasn't proven they were offering securities.

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Montenegros Supreme Court stalls Do Kwons extradition amid legal tussle

Montenegro’s Supreme Court has intervened in Do Kwon’s extradition to South Korea, putting the process on hold indefinitely, according to a March 22 translation of the Court notice. The Court said it overturned previous decisions from two lower courts that had greenlit Kwon’s extradition to South Korea because of the Supreme State Prosecutor’s Office’s request. Consequently, […]

The post Montenegro’s Supreme Court stalls Do Kwon’s extradition amid legal tussle appeared first on CryptoSlate.

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Do Kwons South Korea Extradition Uncertain After Challenge from Top Prosecutor

Terraform Labs co-founder Do Kwons pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday by Montenegros top prosecutor.Source: CoinDesk

The post Do Kwons South Korea Extradition Uncertain After Challenge from Top Prosecutor appeared first on Crypto Breaking News.

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Montenegro court rejects Do Kwons appeal, clears way for extradition to South Korea

The Appellate Court of Montenegro has declined Do Kwon’s appeal to halt his extradition to South Korea, according to a March 20 notice. In its ruling, the Court affirmed the High Court’s decision to deport Kwon, the co-founder of now-defunct Terraform Labs, to face criminal charges in South Korea. These charges are linked to his […]

The post Montenegro court rejects Do Kwon’s appeal, clears way for extradition to South Korea appeared first on CryptoSlate.

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Terraform Labs Co-Founder Do Kwon Appeals Extended Detention

Terraform Labs co-founder Do Kwon will appeal the Montenegrin court’s decision to extend his detention time for up to 30 days. Kwon was caught using fake documents at the airport and was detained due to the high possibility of escape. (Read More)

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Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents. Report Says Kwon’s Legal Representation Aims [...]

The post Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro appeared first on Crypto Breaking News.

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Here’s Why Do Kwon’s €800,000 Montenegro Bail Was Revoked

The shady crypto entrepreneur is in for an extended stay in one of the most notorious Europe’s prisons.

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Terraform Labs CEO Do Kwon Arrested in Montenegro Following Crypto Collapse

Terraform Labs CEO Do Kwon arrested in Montenegro following the collapse of TerraUSD and Luna tokens. Discover the events leading to his arrest and the ongoing legal proceedings.

The post Terraform Labs CEO Do Kwon Arrested in Montenegro Following Crypto Collapse appeared first on BitPinas.

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Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom

A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023. Terraform Labs Co-Founder’s Bail Request Invalidated by Montenegrin High Court For the past 62 days, Do [...]

The post Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom appeared first on Crypto Breaking News.

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Do Kwon Faces New Charges in U.S. and Montenegro

Do Kwon is being accused by U.S. prosecutors of committing commodities fraud, securities fraud, wire fraud, and engaging in market manipulation. Eight Counts of Fraud Do Kwons legal troubles keep...

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Montenegrin police unexpectedly captured Do Kwon, the notorious crypto fugitive who’s been out of the picture for a year.

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Do Kwon faces fraud charges from US prosecutors hours after arrest

The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.

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Ripple gets in-principle nod for digital asset services in Singapore

Ripple says the "in principle" approval will help scale its "On-Demand Liquidity," the service it uses to source XRP liquidity to customers.

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Do Kwon’s US Extradition Complicated by Forgery Charges

Crypto fugitive Do Kwon is due for an extended stay in Podgorica’s most crowded prison.

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