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The fate of Do Kwon in the LUNA incident, whether he will be extradited to the United States or South Korea, has become a recent focal point in the cryptocurrency community. Recently, insiders revealed that Andrej Milovic, the Justice Minister of Montenegro in Southern Europe, plans to extradite Do Kwon, the founder of the Terra blockchain, to the United States for trial rather than South Korea. Last year, the Terra collapse led to nearly $40 billion evaporation in global investments, leading to multiple financial crime charges against Do Kwon and Terraform Labs, the development company, by prosecutors in both South Korea and the United States.
Do Kwon's 10-month fugitive life came to an end in March this year when he was apprehended in Montenegro. However, South Korea and the United States have been vying for the extradition rights of Do Kwon, and it now seems that a final decision has been made. According to a report by The Wall Street Journal, Justice Minister Andrej Milovic of Montenegro revealed in closed-door discussions with other officials that he plans to extradite Do Kwon to the United States to face trial on eight counts of criminal fraud and market manipulation, rather than sending him to South Korea. Milovic had expressed a similar intention during a meeting with Judy Rising Reinke, the U.S. Ambassador to Montenegro, in November.
In late November, the Montenegro court approved Do Kwon's extradition request, leaving the decision of prioritizing extradition to the United States or South Korea to Milovic. Currently, Milovic has not publicly disclosed his decision, and it is expected that it will not be announced until the Montenegro Supreme Court makes a final ruling on Kwon's extradition appeal. Milovic declined to comment on this news, stating in a statement, 'The public will be informed of the decision in a timely manner. |
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Post time 14-12-2023 12:57:51