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Do Kwon is in for a grim year In one Of Montenegro’s worst jails.
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
CoinDesk (@CoinDesk) March 7, 2024SEC 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.
This article was written by Tareq Sikder at www.financemagnates.com.Will the LUNC price reach $1? Let's take a look at this LUNC price prediction article in more detail.
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.
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.
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.
The medical quarantine facility in Montenegro doesn’t meet Do Kwon’s high standards of living.
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)
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.
The shady crypto entrepreneur is in for an extended stay in one of the most notorious Europe’s prisons.
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.
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.
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...
Montenegrin police unexpectedly captured Do Kwon, the notorious crypto fugitive who’s been out of the picture for a year.
The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.
Ripple says the "in principle" approval will help scale its "On-Demand Liquidity," the service it uses to source XRP liquidity to customers.
Crypto fugitive Do Kwon is due for an extended stay in Podgorica’s most crowded prison.
Montenegro’s court has determined that Do Kwon, the co-founder of Terraform Labs, is guilty of using a counterfeit Costa Rican passport. As a result, he has been sentenced to four months in jail for the offense. Do Kwon Sentenced to 122 Days in Prison, Defendant Has 8 Days to Appeal According to the Montenegrin court, [...]
The post Terra’s Do Kwon Receives 4-Month Jail Sentence in Montenegro for Counterfeit Passport Usage appeared first on Crypto Breaking News.
The latest plot twist in the Terra saga suggests Kwon might be heading for a long stay in Montenegro.
Do Kwon cashes out $500,000 in $USDT and $2.3M of $LUNC before being released on bail.
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