Fun

Montenegrin court delays Do Kwon’s extradition to South Korea

News Feed - 2024-08-09 01:08:32

Turner Wright7 hours agoMontenegrin court delays Do Kwon’s extradition to South KoreaThe 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.754 Total views21 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onMontenegro’s Supreme Court has reportedly postponed Terraform Labs co-founder Do Kwon’s extradition after upholding a ruling suggesting he would be removed to South Korea.


According to an Aug. 8 report from Montenegrin news outlet Vijesti, the country’s Supreme Court granted prosecutors’ request to delay Kwon’s extradition to South Korea until the court could rule on a matter concerning the protection of legality. Prosecutors filed the motion on Aug. 2 after an appellate court upheld a previous ruling allowing the Terraform co-founder’s extradition.From Korea to Montenegro


After Terra collapsed in 2022, Kwon’s whereabouts were largely unknown, though he remained active on social media. Montenegrin authorities arrested him in March 2023 for using falsified travel documents while attempting to leave the country.


Kwon served four months in a Montenegrin prison, after which time his lawyers and prosecutors began addressing his extradition to the US or South Korea. He would likely face criminal charges and civil lawsuits related to fraud at Terraform in both countries.


Montenegro’s Prime Minister Milojko Spajić was reportedly an early investor in Terraform, sinking $75,000 into the company in 2018.


Related:Terraform to pay $4.47B to resolve SEC civil lawsuit


Since his release from prison, the Terraform co-founder has been mired in legal proceedings. Montenegro’s courts have repeatedly pushed decisions on Kwon’s extradition, with no clear indication at the time of publication of whether he will remain in the country or be sent to either the US or South Korea.


In February, Montenegrin authorities extradited Han Chang-joon, Terraform’s former chief financial officer who was arrested with Kwon, to South Korea. In April, a US court found Terraform and Kwon liable for fraud in a civil case filed by the Securities and Exchange Commission.


Magazine:Godzilla vs. Kong: SEC faces fierce battle against crypto’s legal firepower# Law# South Korea# Court# Terra# Regulation# Do KwonAdd reaction

News Feed

Technical Analysis: Gala Jumps 37% Higher, as Crypto Bulls Return
Technical Analysis: Gala Jumps 37% Higher, as Crypto Bulls Return During the weekend, when bitcoin rose to a two-week high, it was Gala that stole the show after climbing 37%. Bull
Gemini urges CFTC to withdraw proposed rule on event contracts
Ciaran Lyons29 minutes agoGemini urges CFTC to withdraw proposed rule on event contractsGemini co-founder Cameron Winklevoss believes that cryptocurrency prediction platforms offer a level of integrity that other platfor
Binance vs. Nigeria: A timeline of events
Amaka Nwaokocha14 hours agoBinance vs. Nigeria: A timeline of eventsAs the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far.2210 Total views13 Total sharesListen to a
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt On Dec. 21, 2022, one of the largest bitcoin mining operations in the indust
Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed
Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator o
Ezra Reguerra11 hours agoUS, UK intel agencies warn against new crypto malware: ReportSeveral U.S. and U.K. intelligence agencies have published a joint report warning users about a new malware called “Infamous Chisel,
Derek Andersen15 hours agoFTX has $222M in Bahamas real estate, 1,300 tokens — Shareholder presentationTen percent of shareholder claims have been settled so far. They will be able to assess the company"s condition at
Synthetix to add Chainlink when v3 exchange launches on Arbitrum
Alex O’Donnell4 hours agoSynthetix to add Chainlink when v3 exchange launches on ArbitrumIt could be followed with deployments on Optimism and Base.511 Total views21 Total sharesListen to article 0:00NewsOwn this piece
Peter Schiff on the Upcoming Gold Bull Market and Wall Street: ‘It Will Be Spectacular, Capitulation Will Be Epic’
Peter Schiff on the Upcoming Gold Bull Market and Wall Street: "It Will Be Spectacular, Capitulation Will Be Epic" Peter Schiff, economist and known gold bug, believes that the cur
Ripple backs Deaton with $1M donation in senate race against Warren: Law Decoded
Josh O"Sullivan4 hours agoRipple backs Deaton with $1M donation in senate race against Warren: Law DecodedRipple’s significant donation to Deaton highlights the growing influence of blockchain in politics amid SEC scru
97% of People Consulted by UK Financial Regulator Opposed Crypto Derivatives Ban
97% of People Consulted by UK Financial Regulator Opposed Crypto Derivatives BanThe Financial Conduct Authority (FCA) ban on crypto derivatives sales to retail investors has set ton
Billion Dollar Bitcoin Lawsuit Verdict Appealed — Self-Proclaimed Bitcoin Inventor Expects a Win
Billion Dollar Bitcoin Lawsuit Verdict Appealed — Self-Proclaimed Bitcoin Inventor Expects a Win The law firm representing Ira Kleiman has sent a notice of appeal to the Florida