Do Kwon Successfully Appeals Extradition Decision by Montenegro Court
A previous decision that legal requirements for extradition had been met was rejected by the country’s Appeals Court.
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Do Kwon
A previous decision that legal requirements for extradition had been met was rejected by the country’s Appeals Court.
The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.
Minister will decide if Kwon will be extradited to the U.S. or South Korea.
The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.
The request follows a move by Kwon’s defense team to do the same.
Citadel said the claims by Terraform was filed to “deflect attention” from its alleged charges.
Kwon has been accused of misleading investors about the terraUSD stablecoin, whose 2022 collapse ricocheted around the crypto world.
A cardboard cutout of Tron founder Justin Sun (Danny Nelson/CoinDesk)
The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon.