The Appellate Court of Montenegro has confirmed the extradition of Do Kwon, co-founder of Terraform Labs, to South Korea, concluding the legal battle between the US and South Korea.
Points
- Confirmation of Do Kwon’s extradition to South Korea.
- Rejection of the US extradition request.
- Legal battles and implications for Do Kwon.
- Coordination with Interpol for extradition.
The Appellate Court of Montenegro has confirmed the extradition of Do Kwon, co-founder of Terraform Labs, to South Korea, ending the prolonged legal battle between the US and South Korea over his extradition. The court’s decision upholds the earlier ruling by the High Court of Podgorica, which prioritized South Korea’s request over that of the United States.
Ruling and Extradition Proceedings
On August 1, the court rejected the US’s efforts to extradite Kwon, affirming that he should face charges in his home country related to the $40 billion collapse of the Terra ecosystem in May 2022. This ruling is definitive, leaving no room for appeal, and expedites Kwon’s transfer. Kwon’s lawyer stated that Interpol would assist Montenegro in arranging the extradition to South Korea as swiftly as possible.
Legal Challenges and Property Seizure
In another legal development, the Seoul Southern District Court ruled in favor of Do Kwon’s wife regarding the property seized by the South Korean government. The court classified the property as belonging to Kwon’s wife, acquired during their marriage, thus excluding it from the $177 million asset preservation order against Kwon.
Ties to Montenegrin Politics
Claims have surfaced linking Montenegrin Prime Minister Milojko Spajic to Terraform Labs, suggesting that Spajic was an early investor in the company. Reports indicate that in 2018, Spajic invested $75,000 and received 750,000 Luna tokens. However, Spajic denies these claims, stating that the investment was made by the company he worked for at the time.
https://twitter.com/PawelSynapse/status/1819081371501187227
###解説
- The finalization of Do Kwon’s extradition to South Korea highlights the complexities and high stakes of international legal disputes, particularly involving high-profile figures in the tech and cryptocurrency sectors.
- The court’s ruling not only resolves the legal battle but also sets a precedent for how similar cases might be handled in the future, emphasizing the importance of swift and definitive legal resolutions.
- The involvement of prominent political figures and the scrutiny of their connections to the cryptocurrency industry reflect broader implications for regulatory and legal frameworks affecting global markets.