1 year ago
Do Kwon, the co-founder and erstwhile CEO of Terraform Labs, volition reportedly beryllium extradited to the U.S. to look transgression charges, The Wall Street Journal reported connected Dec. 7, citing radical acquainted with the matter.
Last month, CryptoSlate reported that Kwon faced imaginable extradition to the U.S. oregon South Korea pursuing the Montenegro High Court’s appraisal that the indispensable ineligible conditions for his extradition to either state person been met. Kwon is currently imprisoned successful Montenegro for traveling with forged documents.
Kwon had antecedently consented to beryllium extradited to South Korea; however, the Court decided that Montenegro’s Minister of Justice would determine wherever helium should beryllium sent.
WSJ study claimed that Montenegro’s Justice Minister Andrej Milovic has privately said helium plans to nonstop the disgraced crypto laminitis to the U.S. to reply for his crimes. However, Milovic has not made immoderate nationalist pronouncements astir his decision, arsenic Kwon precocious moved to entreaty his extradition.
Over the past respective months, Kwon has been astatine the halfway of attraction from the U.S. and South Korean authorities, who person some been vying for his extradition from Montenegro. Prosecutors from some countries person charged him with superior allegations of fraud and securities-law violations. These charges are tied to the illness of the Terra algorithmic TerraUSD (USTC, antecedently UST) stablecoin and its associated cryptocurrencies past year, which caused important losses for crypto investors.
The station Do Kwon to beryllium extradited to the U.S. to look transgression charges: WSJ appeared archetypal connected CryptoSlate.
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