Montenegro Court Dismisses Do Kwon's Extradition Appeal

user avatar

by Giorgi Kostiuk

2 years ago

The Constitutional Court of Montenegro has dismissed the appeal by Do Kwon, the South Korean crypto mogul, regarding his extradition ruling.

Dwindling Legal Options for Kwon

Local media reported that the court upheld the earlier decision favoring Kwon’s extradition. The Justice Minister, Bojan Božović, will decide if Kwon will be sent to South Korea or the United States for trial. Kwon's appeal was dismissed due to legal inconsistencies. The court also rejected his claims of procedural unfairness and rights violations.

Kwon’s Fate Hangs in Limbo

Since the May 2022 collapse of TerraUSD (UST) and its token Luna, resulting in a $40 billion market loss, Kwon has been under intense scrutiny. Both the US and South Korea request his extradition, accusing him of financial crimes, including fraud and market manipulation. He was arrested in Montenegro in March 2023 for attempting to travel with a forged passport.

Kwon’s Future in the Hands of Montenegro's Justice Minister

Extradition may send Kwon to the US, where he is charged in connection to the Terra-Luna collapse. The US has also imposed a massive civil penalty on him and his company Terraform Labs amounting to $4.5 billion.

Despite the ruling, Kwon’s legal team is expected to continue resisting extradition. His fate now lies with Montenegro’s Justice Minister.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Zcash Price Consolidation Signals Potential Breakout

Zcash (ZEC) is currently consolidating in a price range that resembles its previous breakout pattern, suggesting a potential upward movement.

user avatarZainab Kamara

Zcash Upgrades Enhance Network Functionality

Recent upgrades to the Zcash network, including NU7 and Ironwood, are expected to improve transaction speeds and security.

user avatarAndrew Smith

Analysts Predict Bullish Trend for Zcash

Analysts are observing a bullish structure forming for Zcash, with potential price targets set between 1,500 and 1,700.

user avatarJacob Williams

OKX and ICE Develop Marketplace for Tokenized Stock Trading

OKX and ICE are developing a marketplace for trading tokenized versions of US-listed stocks around the clock, utilizing stablecoins for transactions.

user avatarAyman Ben Youssef

Bitcoin Price Stabilizes Above 76,000 After Recent Decline

Bitcoin's price has stabilized above 76,000 after a significant drop, but institutional outflows raise concerns about a lasting recovery.

user avatarSon Min-ho

Crypto-Linked Companies Remain Potential Participants in Tokenization Market

Despite traditional corporations rejecting tokenization, several crypto-linked companies remain potential participants in the market.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.