Buy $GGsBreaking: South Korea Coordinates With Interpol to Extradite Terra Founder Do Kwon
Highlights
- South Korea starts preparing for Do Kwon's extradition to the country with assistance from Interpol
- Montenegro appeals court overturned recent decision by a court to extradited Do Kwon to the United States
- Do Kwon faces lower imprisonment in South Korea as LUNA is not a security in the country
After Terra co-founder Do Kwon won an extradition appeal in a Montenegro court annulling his extradition to the United States, South Korea escalated the matter and started preparing for Do Kwon’s extradition to the country. The National Police Agency is coordinating with Interpol to extradite Do Kwon to South Korea.
Do Kwon’s Extradition to South Korea
National Police Agency communicated with the International Criminal Police Organization (Interpol) for Do Kwon’s extradition to South Korea, reported a local news agency on March 7.
South Korea’s National Police Agency said it has requested the Interpol Secretariat in the name of the Interpol National Central Secretariat of the Republic of Korea, hoping to get support at the Secretariat level.
“The Ministry of Justice’s International Criminal Division and the National Police Agency are working together to repatriate Mr. Kwon through the International Criminal Cooperation Channel and Interpol’s International Cooperation Line, respectively,” said officer Lee Yong-sang.
Terra’s token LUNA is not a security in South Korea as the Southern District Court in Seoul ruled that these tokens are not securities under the Capital Markets Act. However, a judge in the U.S. SEC vs Terraform Labs and Do Kwon lawsuit ruled that LUNA is a security. It has implications over the severity of punishment and imprisonment terms, as the U.S. seeks his extradition for fraud charges.
Also Read: Here’s Why AI Tokens FET, RNDR, NEAR & Others Are Rallying Today
Do Kwon Wins Appeal in Montenegro Court
The Appellate Court of Montenegro accepted the appeal of the defendant Do Kwon, annulling the earlier decision of the High Court to return the case to the first instance to the court for retrial and decision. Han Chang-joon, the former chief financial officer of Terraform Labs, has been extradited to South Korea after serving a prison sentence in Montenegro.
Meanwhile, the U.S. District Court for the Southern District of New York seeks Do Kwon’s presence in the U.S. as parties have agreed to a trial adjournment on March 25.
Also Read: Bitcoin (BTC) Price to Hit $300K in 2024, Predicts “Rich Dad Poor Dad” Robert Kiyosaki
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Cardano’s DeFi TVL Climbs as USDCx Stablecoin Launches on Network
- Gold vs. Bitcoin: Can Gold Outperform BTC Amid US–Iran Conflict?
- Bitcoin Faces $1.8B in Panic Selling as U.S.-Iran Airstrikes Escalate; Will BTC Crash Below $60k?
- Gold ETF vs Tokenized Gold: Who Could Outperform in 2026?
- Crypto Weekly Wrap: Jane Street Targeted After Terra Suit, Vitalik’s ETH Selloffs, Regulatory Progress Feb 23-27
- Top Analyst Predicts Pi Network Price Bottom, Flags Key Catalysts
- Will Ethereum Price Hold $1,900 Level After Five Weeks of $563M ETF Selling?
- Top 2 Price Predictions Ethereum and Solana Ahead of March 1 Clarity Act Stablecoin Deadline
- Pi Network Price Prediction Ahead of Protocol Upgrades Deadline on March 1
- XRP Price Outlook As Jane Street Lawsuit Sparks Shift in Morning Sell-Off Trend
- Dogecoin, Cardano, and Chainlink Price Prediction As Crypto Market Rebounds
