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

Federal Reserve Pauses Interest Rate Hike for Upcoming FOMC Meeting

The Federal Reserve is not expected to raise interest rates at the upcoming FOMC meeting, as indicated by recent forecasts and comments from Fed officials.

user avatarMaria Fernandez

Citigroup Increases Price Targets for Bitcoin and Ethereum

Citigroup has raised its 12-month price targets for Bitcoin to $113,000 and for Ethereum to $3,028, citing stronger activity in crypto markets and ETF inflows.

user avatarGustavo Mendoza

TopNod Introduces Axil Pot APT for Enhanced Onchain Yield Management

TopNod has launched Axil Pot APT, a new onchain yield vault that allows users to earn an estimated 8% APY while maintaining instant liquidity.

user avatarRajesh Kumar

MEXC Expands Guardian Fund with Additional 1,000 BTC

MEXC has added another 1,000 BTC to its Guardian Fund, marking the second major allocation this year.

user avatarMiguel Rodriguez

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

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.