US prosecutors are set to problem the Montenegrin Excessive Courtroom’s resolution to ship Do Kwon to South Korea, elevating the potential for one more U-turn within the Terraform Labs founder’s extradition course of.
On Thursday, the courtroom permitted Kwon’s extradition to South Korea with even Kwon’s attorneys admitting that it was his most probably vacation spot on March 23.
Nevertheless, the US Justice Division informed Bloomberg the identical day that it’ll additionally proceed to pursue Kwon’s extradition. It mentioned, “America appreciates the cooperation of the Montenegrin authorities in guaranteeing that each one people are topic to the rule of regulation.”
Do Kwon and his ever-changing extradition standing
Kwon’s extradition proceedings began again in March 2023 following his bodged escape to Dubai. Since then, his extradition has been repeatedly appealed, permitted, and appealed once more, with its standing altering a minimum of seven instances since November 2023.
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Kwon faces fees in each South Korea and the US. Nevertheless, the managing director of Swan Bitcoin, Terrence Yang, informed Bloomberg he believes he must be extradited to the US because of the variety of affected victims there following the $42 billion Terra/Luna collapse.
He mentioned, “It appears a bit ridiculous for the Montenegro courtroom to extradite Do Kwon to South Korea, the place he may get acquitted or a comically mild sentence versus the USA.”
Do Kwon’s present extradition approval to South Korea can nonetheless be appealed however his lawyer reportedly made no suggestion that that is what he’ll do.