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The extradition of Terraform Labs’ Co-Founder, Do Kwon, to South Korea has hit a roadblock as Montenegro’s Workplace of the Supreme State Prosecutor challenged in opposition to the court docket order yesterday (Thursday).
The nation’s prime prosecutor argued that the Excessive Courtroom’s resolution to extradite Kwon to South Korea as an alternative of the USA was performed in an “abbreviated continuing” and exceeded the bounds of the court docket’s attain. Apparently, when listening to an attraction from Kwon’s attorneys, an appellate court docket subsequently confirmed the choice to the Excessive Courtroom.
The Balkan nation’s prosecutors requested safety of legality earlier than the Supreme Courtroom to cease the extradition of Kwon to South Korea. The prosecutors argued that solely the Supreme Courtroom can determine on this case.
“The court docket, opposite to the legislation, carried out abbreviated, as an alternative of standard proceedings and by exceeding the bounds of its powers, decided on the extradition allow, which is the unique competence of the Minister of Justice,” the translated letter by the prosecutor acknowledged.
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The tussle got here solely a day after an attraction court docket rejected the plea to dam the extradition of Kwon to South Korea the place he would face “a number of legal offenses.”
The US or South Korea?
Nonetheless, the USA needs to extradite Kwon from Montenegro. The US prosecutors have filed eight expenses in opposition to him and would possibly proceed with prosecuting him even in his absence. Moreover, the US Securities and Trade Fee has filed civil expenses in opposition to each Terraform Labs and Kwon.
Following the collapse of the 2 Terraform Labs’ cryptocurrencies, TerraUSD and Luna, in 2022, Kwon disappeared from public view. The US and South Korean authorities blamed him for the wipeout of the crypto market, which reached virtually $37 billion and later triggered the collapse and chapter of a number of different initiatives. Kwon was arrested final 12 months in Montenegro whereas touring with false paperwork.
Apparently, different prime associates from Terraform Labs, together with the Co-Founder, Hyun-seong Shin, and the Chief Monetary Officer, Han Chang-joon, have been arrested with Kwon and have been extradited to South Korea final month.
The extradition of Terraform Labs’ Co-Founder, Do Kwon, to South Korea has hit a roadblock as Montenegro’s Workplace of the Supreme State Prosecutor challenged in opposition to the court docket order yesterday (Thursday).
The nation’s prime prosecutor argued that the Excessive Courtroom’s resolution to extradite Kwon to South Korea as an alternative of the USA was performed in an “abbreviated continuing” and exceeded the bounds of the court docket’s attain. Apparently, when listening to an attraction from Kwon’s attorneys, an appellate court docket subsequently confirmed the choice to the Excessive Courtroom.
The Balkan nation’s prosecutors requested safety of legality earlier than the Supreme Courtroom to cease the extradition of Kwon to South Korea. The prosecutors argued that solely the Supreme Courtroom can determine on this case.
“The court docket, opposite to the legislation, carried out abbreviated, as an alternative of standard proceedings and by exceeding the bounds of its powers, decided on the extradition allow, which is the unique competence of the Minister of Justice,” the translated letter by the prosecutor acknowledged.
Maintain Studying
The tussle got here solely a day after an attraction court docket rejected the plea to dam the extradition of Kwon to South Korea the place he would face “a number of legal offenses.”
The US or South Korea?
Nonetheless, the USA needs to extradite Kwon from Montenegro. The US prosecutors have filed eight expenses in opposition to him and would possibly proceed with prosecuting him even in his absence. Moreover, the US Securities and Trade Fee has filed civil expenses in opposition to each Terraform Labs and Kwon.
Following the collapse of the 2 Terraform Labs’ cryptocurrencies, TerraUSD and Luna, in 2022, Kwon disappeared from public view. The US and South Korean authorities blamed him for the wipeout of the crypto market, which reached virtually $37 billion and later triggered the collapse and chapter of a number of different initiatives. Kwon was arrested final 12 months in Montenegro whereas touring with false paperwork.
Apparently, different prime associates from Terraform Labs, together with the Co-Founder, Hyun-seong Shin, and the Chief Monetary Officer, Han Chang-joon, have been arrested with Kwon and have been extradited to South Korea final month.
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