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Montenegro halts Do Kwon’s extradition again ahead of appeal ruling

Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry.

The Constitutional Court of Montenegro suspended the extradition of former Terraform Labs founder and CEO Do Kwon on Oct. 18, according to local press reports. A day earlier, the Montenegrin Justice Ministry had said a decision on Kwon’s extradition had been made and it promised to make the decision public on Oct. 20.

The decision on Kwon’s extradition, including Kwon’s destination, was entrusted to the Justice Ministry by the Supreme Court in September. Both the United States and South Korea have requested his extradition.

The Constitutional Court had not informed the ministry of the suspension of that judgment until the last minute, the ministry said, adding:

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Terraform wallet moves $62M BTC as Do Kwon remains in legal limbo

Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 BTC.

A wallet reportedly associated with Terraform Labs and one of its co-founders, Do Kwon, has moved $62 million worth of Bitcoin to a different address.

According to data from blockchain analytics firm Arkham Intelligence, on Sept. 2, Terraform moved more than 1,075 Bitcoin (BTC) — roughly $62 million at the time of publication — from one of its wallets. It’s unclear if Kwon, currently awaiting extradition from Montenegro, was responsible for the transfer.

The Terra ecosystem collapsed in 2022, with authorities from the United States and South Korea filing charges against Kwon and some of his associates for their alleged role in the platform’s downfall. In 2023, Kwon was arrested in Montenegro on unrelated charges and sentenced to four months in prison.

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Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Roman Ziemian Arrested in Montenegro for Alleged $21 Million Cryptocurrency Fraud

Roman Ziemian Arrested in Montenegro for Alleged  Million Cryptocurrency FraudRoman Ziemian, co-founder of the cryptocurrency platform Futurenet, was arrested in Montenegro for allegedly orchestrating a $21 million cryptocurrency fraud scheme. The arrest was part of an international law enforcement operation involving Montenegrin authorities and Interpol. Ziemian, who was living under a false identity in Podgorica, now faces potential extradition to either Poland or South […]

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Montenegrin Supreme Court Pauses Do Kwon Extradition to South Korea: Report

Montenegrin Supreme Court Pauses Do Kwon Extradition to South Korea: Report

The Supreme Court of the southeastern European nation of Montenegro is again postponing Terra (LUNA) co-founder Do Kwon’s extradition to South Korea. According to a report from Montenegrin news outlet Vijesti, Montenegro’s Supreme Court has halted the extradition due to a request for “protection of legality” brought forth by Kwon’s camp. According to a statement […]

The post Montenegrin Supreme Court Pauses Do Kwon Extradition to South Korea: Report appeared first on The Daily Hodl.

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Montenegrin court delays Do Kwon’s extradition to South Korea

The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States.

Montenegro’s Supreme Court has reportedly postponed Terraform Labs co-founder Do Kwon’s extradition after upholding a ruling suggesting he would be removed to South Korea.

According to an Aug. 8 report from Montenegrin news outlet Vijesti, the country’s Supreme Court granted prosecutors’ request to delay Kwon’s extradition to South Korea until the court could rule on a matter concerning the protection of legality. Prosecutors filed the motion on Aug. 2 after an appellate court upheld a previous ruling allowing the Terraform co-founder’s extradition.

After Terra collapsed in 2022, Kwon’s whereabouts were largely unknown, though he remained active on social media. Montenegrin authorities arrested him in March 2023 for using falsified travel documents while attempting to leave the country.

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Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Montenegro Court Greenlights Disgraced Terra Founder Do Kwon’s Extradition to South Korea, Turns Down US

Montenegro Court Greenlights Disgraced Terra Founder Do Kwon’s Extradition to South Korea, Turns Down US

An appellate court in Montenegro has upheld the decision of a lower court on the extradition case of Terraform Labs co-founder Do Kwon. Kwon is facing criminal charges in his native South Korea and the US for the $40 billion crash of the TerraUSD stablecoin and its companion token, Luna. Both countries sought Kwon’s extradition […]

The post Montenegro Court Greenlights Disgraced Terra Founder Do Kwon’s Extradition to South Korea, Turns Down US appeared first on The Daily Hodl.

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Montenegro Prime Minister Listed Among Top Terraform Labs Investors in SEC Filing

Montenegro Prime Minister Listed Among Top Terraform Labs Investors in SEC FilingMilojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018. This revelation raises concerns […]

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Montenegro Court Blocks Do Kwon’s Extradition to South Korea

Montenegro Court Blocks Do Kwon’s Extradition to South KoreaA Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and the U.S. have sought his extradition on fraud […]

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Montenegrin Supreme Court Postpones Terra Founder Do Kwon’s South Korean Extradition

Montenegrin Supreme Court Postpones Terra Founder Do Kwon’s South Korean Extradition

The Supreme Court of Montenegro is postponing the extradition of disgraced Terra (LUNA) founder Do Kwon to South Korea. According to a new memo, the Supreme Court of Montenegro is overturning a previous ruling that greenlit the extradition process to send Kwon back to his homeland of South Korea where he is wanted for alleged […]

The post Montenegrin Supreme Court Postpones Terra Founder Do Kwon’s South Korean Extradition appeared first on The Daily Hodl.

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024

Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations

Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations

An appellate court in Montenegro overturns an earlier ruling that approved the extradition of disgraced Terraform Labs founder Do Kwon to the United States. Kwon is facing criminal charges arising from the collapse of the stablecoin TerraUSD and cryptocurrency Luna that wiped out $40 billion worth of investor funds in 2022. In March last year, […]

The post Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations appeared first on The Daily Hodl.

Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024