UPDATE: Court Reaches Decision On Do Kwon Extradition To U.S.• December 19, 2023 2:15 pm • Comments
A court in Montenegro has come to a decision regarding the extradition of Terra-Luna founder Do Kwon.
ProCoin News previously reported that the court decided to green-light the extradition of Do Kwon to the United States to face legal proceedings in American courts for allegedly defrauding American customers.
Now, a Montenegrin court has reversed that initial decision and blocked the extradition order temporarily pending Kwon’s appeal.
The court pointed to several procedural ‘irregularities’ as the primary drivers for sending Kwon’s case back up to the higher courts for further deliberation on the matter.
We may see a reversal yet again in the court’s initial ruling or Do Kwon might successfully fight off his extradition back to the United States. Multiple outlets confirmed the news:
A Montenegrin court has revoked the approval for Do Kwon's extradition to South Korea and the United States.🇲🇪
— Moby Media (@mobymedia) December 19, 2023
— Altcoin Alerts (@Altcoin_Alerts) December 19, 2023
Coin Telegraph provided this statement from the Appellate court:
“Violation is reasonably indicated by the appeal of the defendant’s defense attorneys, because the decision does not have reasons for decisive facts, and the reasons given are unclear, which is the reason for its cancellation.”
Many in the now-shattered Terra community celebrated the recent development and welcomed the news as positive for the few remaining LUNA investors.
Cannot wait for Lord Do Kwon to return
A lot of people strayed far from virtue in his absence
And will be punished by him
— 🕳️🐂 𝐂𝐨𝐚𝐜𝐡 𝐁𝐫𝐮𝐜𝐞 𝐖𝐫𝐚𝐧𝐠𝐥𝐞𝐫 🚬 (@OX_DAO) December 19, 2023
Steady lads. Deploying capital by do kwon $luna
— WIZZ ( beware scammers ) (@CryptoWizardd) December 19, 2023
ZY Crypto presented this background information:
Do Kwon is currently serving a four-month sentence in Montenegro for document forgery. The disgraced crypto mogul is facing charges in his home country and the U.S. for his alleged involvement in the collapse of Terra’s algorithmic stablecoin TerraUSD (UST) and the platform’s native asset LUNA in May 2022.
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