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Montenegro Plans to Extradite Fallen Crypto Tycoon Do Kwon to U.S.

by admin
December 7, 2023
in Market & Analysis
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Montenegro Plans to Extradite Fallen Crypto Tycoon Do Kwon to U.S.
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Montenegro’s prime justice official has privately stated he plans to ship disgraced crypto tycoon Do Kwon to the U.S. reasonably than South Korea to face legal costs, folks aware of the matter stated.

Kwon—who has been jailed within the Balkan nation since March—has been the main focus of an international tug-of-war as each the U.S. and South Korea search his extradition. Prosecutors in each nations need to put Kwon on trial for fraud and securities-law violations in reference to the $40 billion crash of his TerraUSD and Luna cryptocurrencies in Might 2022. Kwon is a South Korean citizen.

A Montenegro courtroom final month permitted Kwon’s extradition, however left it as much as Justice Minister Andrej Milovic to determine whether or not to ship him to the U.S. or South Korea. Milovic has not but introduced his determination and is unlikely to take action till the nation’s courts have dominated on a last-ditch attraction by Kwon towards the courtroom ruling.



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