{"id":12918,"date":"2024-12-28T10:09:05","date_gmt":"2024-12-28T10:09:05","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=12918"},"modified":"2024-12-28T10:09:08","modified_gmt":"2024-12-28T10:09:08","slug":"montenegro-approves-do-kwons-extradition-to-the-us","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/montenegro-approves-do-kwons-extradition-to-the-us\/","title":{"rendered":"Montenegro Approves Do Kwon\u2019s Extradition to the US"},"content":{"rendered":"\n<p>Montenegro\u2019s Minister of Justice, Bojan Bo\u017eovi\u0107, has approved the extradition of Do Kwon, co-founder of Terraform Labs, to the United States. This decision follows the rejection of Kwon\u2019s appeal by Montenegro\u2019s Constitutional Court.<\/p>\n\n\n\n<p>The Ministry of Justice declined South Korea\u2019s request for Kwon\u2019s extradition, citing stronger legal grounds for his transfer to the US. In a statement, the ministry said, &#8220;Most of the criteria provided by law support the request for extradition by the competent authorities of the United States of America.&#8221;<\/p>\n\n\n\n<p>This marks the conclusion of a protracted legal battle over Kwon\u2019s extradition, which has seen multiple reversals over the past year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-legal-saga-of-do-kwon-s-extradition\">Legal Saga of Do Kwon\u2019s Extradition<\/h3>\n\n\n\n<p>Kwon was apprehended in Montenegro in June 2023 for attempting to leave the country using a fake passport. His extradition has since been at the center of a complex legal tug-of-war between the US and South Korea, both of which sought to prosecute him for charges related to the collapse of Terraform Labs and its cryptocurrencies, TerraUSD and Luna.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>November 2023<\/strong>: Montenegro\u2019s High Court approved Kwon\u2019s extradition but left the decision of his destination to the justice minister.<\/li>\n\n\n\n<li><strong>May 2024<\/strong>: Kwon\u2019s defense team successfully appealed the decision, delaying extradition.<\/li>\n\n\n\n<li><strong>August 2024<\/strong>: The Appellate Court ruled in favor of extraditing Kwon to South Korea, citing no further appeals against the decision.<\/li>\n\n\n\n<li><strong>September 2024<\/strong>: The case was redirected to the justice minister after court officials determined Kwon met the legal requirements for extradition to either the US or South Korea.<\/li>\n\n\n\n<li><strong>October 2024<\/strong>: A decision to extradite Kwon to the US was briefly halted due to a final appeal from his legal team.<\/li>\n<\/ul>\n\n\n\n<p>With the appeal dismissed and the justice minister\u2019s approval finalized, Kwon is now set to face trial in the US.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-s-next-for-do-kwon\">What\u2019s Next for Do Kwon?<\/h3>\n\n\n\n<p>The conclusion of this multi-year legal battle clears the way for Kwon\u2019s extradition to the United States, where he is expected to face charges tied to the catastrophic collapse of Terraform Labs. The event wiped out billions of dollars in investor funds and led to global regulatory scrutiny of the cryptocurrency industry.<\/p>\n\n\n\n<p>The US Department of Justice has yet to issue a statement regarding Kwon\u2019s extradition timeline or the specific charges he will face upon his arrival.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Montenegro\u2019s Minister of Justice, Bojan Bo\u017eovi\u0107, has approved the extradition of Do Kwon, co-founder of Terraform Labs, to the United States. This decision follows the rejection of Kwon\u2019s appeal by Montenegro\u2019s Constitutional Court. The Ministry of Justice declined South Korea\u2019s request for Kwon\u2019s extradition, citing stronger legal grounds for his transfer to the US. In [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":4684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,2,43],"tags":[],"class_list":{"0":"post-12918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoins","8":"category-featured","9":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Montenegro Approves Do Kwon\u2019s Extradition to the US<\/title>\n<meta name=\"description\" content=\"Montenegro\u2019s Minister of Justice, Bojan Bo\u017eovi\u0107, has approved the extradition of Do Kwon, co-founder of Terraform Labs, to the United States. 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