Do Kwon’s U.S. Extradition Gets Okay From Montenegro’s Justice Minister

Terraform maker Do Kwon can be extradited to the US, Montenegrin Justice Minister Bojan Božović stated on Friday.

The U.S. and South Korean governments have each tried to take custody of Kwon over legal expenses associated to the 2022 collapse of the algorithmic stablecoin Terra/Luna system, which kicked off a collection of high-profile collapses, together with that of FTX.

Kwon, who was arrested in Montenegro in March 2023 and sentenced to a couple months in jail on passport forgery expenses, has been combating his extradition to the US for greater than a yr. A number of courts within the nation have dominated in favor of the US or South Korea taking custody of the previous crypto government.

In his statement On Friday, Božović stated his choice adopted the nation’s Supreme Courtroom ruling that the situations for approving an extradition had been met.

“Considering the Supreme Courtroom’s ruling, the Ministry of Justice took under consideration all of the information and circumstances and assessed standards such because the seriousness of the legal offenses, the place of execution, the order through which the appliance was submitted, the citizenship of the the individual sought, the opportunity of additional extradition to a different nation, and different circumstances,” the assertion stated.

The US provide met these standards, the assertion stated.

Friday’s announcement is simply the newest in a collection of back-and-forth choices over the place to ship Kwon. The Courtroom of Enchantment of Montenegro dominated in August this yr that Kwon needed to go to South Korea.

The authorized penalties for Terra additionally proceed within the US; final week, the Securities and Trade Fee settled charges with Tai Mo Shan, a subsidiary of Leap Crypto, claiming that Tai Mo Shan offered LUNA as collateral. The corporate can pay $123 million as a part of the settlement.

Editor’s be aware: The Montenegrin authorities’s assertion has been translated into English.