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A Montenegro court rejected Terra co-founder Do Kwon's appeal against extending detention to 30 days. On March 25, lawyers representing CEO Do Kwon and CFO Han Chang-joon filed an appeal against the court's decision to extend the detention period.
According to Newsis, the South Korean Ministry of Justice refutes Montenegro's claim the US's extradition request for Terraform Labs CEO was earlier. SK filed on 24 Mar, US on 25 Mar, a day after Do Kwon's arrest.
Do Kwon, the co-founder of Terraform Labs Pte, is reportedly in jail in Montenegro, awaiting extradition for alleged involvement in a cryptocurrency fraud that resulted in the loss of $40 billion in market value. What Happened: The U.S. and South Korea have both charged Kwon and are requesting his extradition, stated a Bloomberg report, but Montenegro's justice minister, Marko Kovac, says a judge will decide which country will be given first priority.
Terraform Labs Co-Founder Shin Hyun-Seong aka Daniel Shin was interrogated in court about his role in the company and the crash.
The United States and South Korea both aim to prosecute Terra founder Do Kwon, making his next destination unclear, according to a report from Bloomberg on March 29.
Terraform Labs co-founder Do Kwon's extradition will likely be delayed by due process related to passport fraud charges in Montenegro.
The United States and South Korea have both requested the extradition of Do Kwon from Montenegro. The country's Justice Minster has clarified that court proceedings in Montenegro will have priority over extradition.
CoinDesk's Chief Insights Columnist David Z. Morris suggests the Terra founder's attempts to avoid prosecution may have added to his troubles.
Also today, the date when Ethereum stakers can make withdrawals has been revealed.
Embattled Terra (LUNA) founder Do Kwon will remain in Montenegro following his arrest in the southeastern European country last week, according to a report. Citing local prosecutor Haris Shabotich, South Korean publication Yonhap News says that Kwon will be held for 30 days as he awaits investigations over his use of forged travel documents.
Do Kwon, the co-founder of Terraform Labs, who was detained by Montenegrin police, is wanted by the United States and South Korea.
Do Kwon, the co-founder of Terraform Labs, expressed surprise at his arrest after months of being on the run for allegedly committing a crypto fraud that shook the entire crypto market and resulted in the loss of at least $40 billion.
Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted.
The Terra co-founder Do Kwon and his associate Han Chang Joon will first face charges in Montenegro for allegedly using forged documents.
The Montenegrin justice minister has announced that a judge will decide whether Do Kwon will be extradited to the US or South Korea.
Montenegro says Terra's co-founder is facing criminal proceedings for using falsified travel documents — and if convicted, he would have to serve a sentence for that first.
Terraform Labs CEO Do Kwon is set to face court in Montenegro before any potential extradition to the U.S. or South Korea, the country's justice minister said.
Crypto News: Terraform Labs' Co-founder Do Kwon arrested in Montenegro in alleged multibillion dollar fraud left the international turned up actions to be taken ahead. However, South Korean and United States authorities are now seeking the extradition of the international crypto fugitive.
South Korea and the U.S. are seeking the extradition of Do Kwon, an international fugitive accused of a multibillion-dollar fraud, and another suspect arrested in Montenegro last week, the Montenegrin Justice Minister Marko Kovac said on Wednesday.
The medical quarantine facility in Montenegro doesn't meet Do Kwon's high standards of living.
Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery
According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said they were not aware of Interpol's Red Notice against their client.
South Korean authorities have stepped up efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin, following the arrest of Terraform Labs co-founder Do Kwon.
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.
