Do Kwon, the co-founder and former CEO of Terraform Labs, will reportedly be extradited to the U.S. to face felony prices, The Wall Avenue Journal reported on Dec. 7, citing folks acquainted with the matter.
Final month, CryptoSlate reported that Kwon confronted potential extradition to the U.S. or South Korea following the Montenegro Excessive Courtroom’s evaluation that the required authorized situations for his extradition to both nation have been met. Kwon is currently imprisoned in Montenegro for touring with cast paperwork.
Kwon had beforehand consented to be extradited to South Korea; nevertheless, the Courtroom determined that Montenegro’s Minister of Justice would resolve the place he needs to be despatched.
WSJ report claimed that Montenegro’s Justice Minister Andrej Milovic has privately stated he plans to ship the disgraced crypto founder to the U.S. to reply for his crimes. Nonetheless, Milovic has not made any public pronouncements about his choice, as Kwon lately moved to attraction his extradition.
Over the previous a number of months, Kwon has been on the focus from the U.S. and South Korean authorities, who’ve each been vying for his extradition from Montenegro. Prosecutors from each nations have charged him with critical allegations of fraud and securities-law violations. These prices are tied to the collapse of the Terra algorithmic TerraUSD (USTC, beforehand UST) stablecoin and its related cryptocurrencies final yr, which precipitated important losses for crypto traders.
The submit Do Kwon to be extradited to the U.S. to face criminal charges: WSJ appeared first on CryptoSlate.
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