{"id":459197,"date":"2024-12-27T21:50:01","date_gmt":"2024-12-27T21:50:01","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=459197"},"modified":"2024-12-27T21:50:01","modified_gmt":"2024-12-27T21:50:01","slug":"montenegros-justice-minister-signs-order-to-extradite-do-kwon-to-us","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/montenegros-justice-minister-signs-order-to-extradite-do-kwon-to-us\/","title":{"rendered":"Montenegro&#8217;s Justice Minister signs order to extradite Do Kwon to US"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Montenegro's Minister of Justice, Bojan Bo\u017eovi\u0107, has<\/span> <strong><a href=\"https:\/\/www.gov.me\/clanak\/do-kwon-ce-biti-izrucen-sad-u\">signed an order<\/a><\/strong><span style=\"font-weight: 400;\"> to extradite <a href=\"https:\/\/cryptoslate.com\/companies\/terraform-labs\/\">Terraform Labs<\/a> co-founder <a href=\"https:\/\/cryptoslate.com\/people\/do-kwon\/\">Do Kwon<\/a> to the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Montenegro's Supreme Court recently determined that all legal conditions for Kwon's extradition had been met. Following this ruling, the Ministry of Justice evaluated the competing requests and concluded that the US request favored the most legal criteria.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Minister Bo\u017eovi\u0107 subsequently signed the decree approving Kwon\u2019s extradition to the US, denying South Korea's request.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a statement, the Justice Ministry outlined its reasoning, noting factors such as the severity of the alleged crimes, the location of their commission, the timing of the requests, and Kwon's citizenship.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The decision comes after months of legal deliberation and competing extradition requests from both the US and South Korea. Recently, Montenegro's Constitutional Court<\/span> <strong><a href=\"https:\/\/cryptoslate.com\/montenegro-court-rejects-do-kwons-extradition-appeal\/\">unanimously rejected<\/a><\/strong><span style=\"font-weight: 400;\"> Kwon's appeal to avoid extradition, alleging legal issues.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kwon's legal team has raised concerns about extradition, claiming that the Montenegrian justice system violated his fundamental rights by refusing to decide on their requests, infringing on their client's rights to defense and legal remedy.<\/span><\/p>\n<h2><strong>Potentially end of a lengthy battle<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Kwon faces significant legal challenges in the US. In February 2023, the US Securities and Exchange Commission (SEC) filed a lawsuit against Kwon and Terraform Labs, alleging they misled investors about the stability of TerraUSD and the use of Terraform\u2019s blockchain technology in a popular Korean mobile payment app.<\/span><\/p>\n<p>One month later, authorities apprehended Kwon while attempting to travel from Montenegro using a counterfeit passport.<\/p>\n<p><span style=\"font-weight: 400;\">Authorities have charged him with various offenses related to the collapse of <a href=\"https:\/\/cryptoslate.com\/coins\/terrausd\/\">TerraUSD<\/a> and <a href=\"https:\/\/cryptoslate.com\/coins\/terra-classic\/\">Luna<\/a> tokens, which caused approximately $40 billion in losses.\u00a0<\/span><span style=\"font-weight: 400;\">Additionally, in June, a US court <a href=\"https:\/\/cryptoslate.com\/us-court-issues-final-judgement-against-terraform-labs-do-kwon-imposes-4-5-billion-in-fines\/\">fined Kwon $4.5 billion<\/a> after <a href=\"https:\/\/cryptoslate.com\/terraform-labs-do-kwon-reach-tentative-settlement-with-sec-to-end-civil-lawsuit\/\">failing to settle<\/a> the civil lawsuit with the SEC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, South Korea has also signaled a strong interest in prosecuting Kwon. The Appellate Court previously upheld a decision to prioritize South Korea\u2019s extradition request over the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, former Montenegrian Justice Minister Andrej Milovi\u0107 argued that Prime Minister Milojko Spaji\u0107 used the extradition as leverage for a 30-year concession for the country\u2019s airports with South Korea.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Montenegro&#8217;s Minister of Justice, Bojan Bo\u017eovi\u0107, has signed an order to extradite Terraform Labs co-founder Do Kwon to the US. Montenegro&#8217;s Supreme Court recently determined that all legal conditions for Kwon&#8217;s extradition had been met. Following this ruling, the Ministry of Justice evaluated the competing requests and concluded that the US request favored the most [&hellip;]<\/p>\n","protected":false},"author":1511,"featured_media":459199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,77968,60793],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Montenegro&#039;s Justice Minister signs order to extradite Do Kwon to US<\/title>\n<meta name=\"description\" content=\"Nearly two years after Kwon&#039;s apprehension, the extradition battle between the US and South Korea comes to an end.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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