Do Kwon’s Extradition Proceedings in Montenegro to be Revisited
NAIROBI (CoinChapter.com) — The High Court of Montenegro will reconsider Do Kwon’s extradition following an appeal. Kwon, who was arrested in March 2023, is facing potential extradition to either South Korea or the United States on fraud charges. This recent appeal further complicates his ongoing legal battle.
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According to a recent report from Montenegrin news outlet Vijesti, the court of appeals in the country has accepted the arguments put forward by Kwon’s lawyers. As a result, the question of his extradition has been sent back to the High Court “for a retrial and final decision.” This latest legal maneuver by Kwon’s defense team aims to prolong the process of his potential transfer to either the United States or South Korea, where criminal charges await him.
Kwon’s Defense Strategies Delay Extradition Decision
Following his arrest in March 2023 for using falsified travel documents, Kwon was sentenced to four months in prison by Montenegrin authorities. However, he was released as the courts considered competing extradition requests. Throughout this period, Kwon’s legal team has been actively employing various tactics to delay his extradition. The appeals court emphasized that if Kwon gives his consent to extradition, a shorter procedure will be applied. Therefore, it is crucial to ensure that his consent is voluntary and cannot be revoked.
Furthermore, in April, a U.S. court found Kwon and Terraform Labs liable for fraud in a civil case initiated by the SEC. A hearing has been scheduled for May 29 to discuss proposed remedies from both parties. The outcome of this hearing could significantly impact Kwon’s extradition process.
Fraud Charges and Global Implications
Kwon was initially sentenced to four months in prison after his arrest in March 2023 for using falsified travel documents. Following his release, the courts began evaluating the competing extradition requests from the United States and South Korea. However, the situation became more complex in April when a U.S. court held Terraform Labs and Kwon accountable for fraud. This civil case, brought by the SEC, adds another layer to Kwon’s already complicated legal situation.
The international legal entanglement continues to unfold, with both the United States and South Korea determined to bring Kwon to justice. The latest development in the extradition saga has garnered significant attention from the crypto community and legal observers. The outcome of this case will establish a precedent for handling similar instances of crypto-related fraud on an international level.