Terraform Labs Founder Do Kwon Extradited to The US: Report
The post Terraform Labs Founder Do Kwon Extradited to The US: Report appeared on BitcoinEthereumNews.com.
After months of uncertainty, Terraform Labs co-founder and former CEO Do Kwon has finally been extradited to the United States from Montenegro. According to a report by Vijesti, the transfer from local authorities took place on December 31 at the Podgorica Airport border cross. Meanwhile, the U.S won the extradition request despite South Korea where Do Kwon holds citizenship fought keenly for his custody. The Do Kwon Extradition Dilemma According to the Vijesti report, the Terraform Labs founder faced the extradition with help from the NCB Interpol Podgorica officials. The Interpol collaborated with the Montenegro Special Police Unit to complete the extradition. This move marks an end to a process that began from as early as September 14, 2022. The controversial extradition battle ended last week in favor of the United States. This came as the country’s Minster of Justice Bojan Bozovic signed the extradition orders, upholding an ealier court ruling. In reality, since the March 2023 arrest of Do Kwon in Montenegro, there has been series of rulings regarding his extradition hurdles. At a time, the entire extradition process became delayed due to the appeal filed directly by the Terraform Labs co-founder. The extradition is now confirmed by Prime Minister Milojko Spajic Today Montenegro completed the extradition of Do Kwon to the United States to face charges in the Terra/Luna case.Our nation WELCOMES INNOVATION and legitimate crypto, AI and other tech entrepreneurs – but we have ZERO TOLERANCE FOR FRAUD. This extradition demonstrates our… — Milojko Spajić (@MickeySpajic) December 31, 2024 With this extradition to the US, he will face charges directly linked to the collapse of the Terra-LUNA ecosystem. What Next for Terra Classic? When the Do Kwon led the Terraform Labs ecosystem collapsed in 2022, the protocol saw a forking that lead to the creation of Terra…
Filed under: News - @ December 31, 2024 10:12 pm