Sign Up on MEXC
Terra co-founder Do Kwon’s extradition will likely be delayed as Montenegro authorities prioritize the passport forgery case, while Do Kwon’s lawyers thinking to appeal the case in Supreme Court. The court procedure for the extradition process hasn’t started yet, a lawyer representing Do Kwon said on Wednesday.
Montenegrin lawyer representing Do Kwon in the passport forgery case said a first-instance judgment appeal has been submitted to a Montenegro court. If they lose the case, they will file an appeal to Montenegro’s Supreme Court, reported South Korea’s media on March 29.
On March 25, Do Kwon’s lawyer filed an appeal against the court’s decision to extend the detention to 30 days, during the initial detention period of up to 72 hours. The judge is yet to decide whether to dismiss or accept the appeal.
On March 24, Montenegro’s court ordered an extension of the detention period for Terraform Labs CEO Do Kwon and CFO Han Chang-joon after both were arrested while trying to board a plane to Dubai using a Costa Rican passport.
Meanwhile, South Korean Embassy officials confirmed that Do Kwon “is in good health.” Embassy officials have also met with Montenegro officials and requested their cooperation in the extradition of Kwon.
Extradition of Do Kwon Likely Delayed
Do Kwon’s lawyer and prosecutors confirmed that the extradition process will begin only after the Montenegro court judicial process related to passport forgery is completed. The lawyer representing Do Kwon intends to lead the case in the Supreme Court, if the court’s decision in the passport forgery case is unsatisfactory.
The extradition process hasn’t started yet. The extradition requests by South Korea, the U.S., and Singapore will be considered in a separate court procedure after a decision in the passport forgery case. According to Montenegrin law, forging a passport can result in a prison sentence of up to 5 years.
Prosecutor Haris Shabotich of the Podgorica District Prosecutor’s Office is investigating the counterfeit passport case. Do Kwon hired two lawyers in Montenegro, Voislav Zetsevich representing Kwon and Branko Angelich for both.
Meanwhile, South Korean and Serbian prosecutors are investigating whether the crypto business established in Serbia by Do Kwon and Han Chang-joon was used for money laundering. On Monday, Seoul Southern District Prosecutors’ Office confirmed seeking an arrest warrant against Daniel Shin, co-founder of Terraform Labs.
Also Read: Cardano’s ADA Gives A Strong Bounceback With 10% Gains, What’s Next?
- Tom Lee’s BitMine Boosts Ethereum Treasury by $1.87B, Now Holds 2.151M ETH
- Breaking: Forward Industries Buys $1.58B in SOL to Launch Solana Treasury
- Breaking: Strategy Adds 525 BTC as Michael Saylor Says Bitcoin Deserves ‘Credit’
- $200B Texas Teachers Retirement Fund Discloses $25M Bitcoin via MSTR Stock as Strategy Outperforms ‘Mag 7’
- Experts Predict Bullish Shift for Dogecoin as Open Interest Crosses $6B
- Trump Coin Price at Risk of a 16% Dive as Open Interest, Whale Selling Intensify
- Hype Price Prediction Gains Momentum — Is USHD Launch the Fuel for $72 Target?
- Bitcoin Price Prediction: Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
- Pi Coin Price Prediction As Adam & Eve Pattern Signals Breakout Rally To $0.45 Ahead
