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South Korea's National Police Agency has formally requested Interpol's intervention in the extradition case of Do Kwon, co-founder of Terraform Labs. Kwon is currently facing multiple charges, including securities fraud, in connection with the Terra ecosystem's collapse in May 2022. This move comes after a Montenegrin court canceled Kwon's extradition order to the U.S.
After Terra co-founder Do Kwon won an extradition appeal in a Montenegro court denying 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.
South Korean authorities requested Interpol's assistance in bringing back the Terraform Labs co-founder on Thursday, local media reported.
In a stunning turn of events, the Appellate Court of Montenegro has delivered a significant blow to the United States' extradition efforts, overturning the decision to send Terra founder Do Kwon across the Atlantic to face criminal charges. This reversal, announced on March 5, adds another layer to the already complex legal narrative surrounding Kwon, who co-founded Terraform Labs.
LUNC, LUNA powers up as the infamous crypto outlaw got yet another chance to avoid SEC Chair Gary Gensler's iron first.
A Montenegro appeals court has invalidated the decision to extradite Do Kwon to the United States.
Genuine Labs, the developer behind Terra Luna Classic, has submitted a revised proposal for significant core updates aimed at enhancing security, functionality, and interoperability. The proposed security upgrade package includes various enhancements and optimizations to key components such as Wasmd, IBC Go, and Cosmos SDK.
Terra Luna Classic developer Genuine Labs resubmits a revised proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK.
The decision by the Appellate Court of Montenegro to overturn the previous extradition order marks a pivotal moment for Do Kwon. Following his arrest amidst Terra's challenges in mid-2022, Kwon's legal journey has been arduous.
A Montenegrin court has overturned a decision that would have led to the extradition of cryptocurrency entrepreneur Do Kwon to the United States. Kwon, whose real name is Kwon Do-hyung, is the founder of Terraform, a company that experienced a dramatic collapse in 2022.
As the market leader achieved a new all-time high, the crypto market experienced a massive uptrend in valuation. Despite the industry witnessing a significant correction shortly after the ATH, top altcoins continue to trade under a strong bullish influence. Further, the Terra Classic (LUNC) and Terra 2.
The rebooted LUNA and LUNA Classic (LUNC) both skyrocketed on Tuesday on news of Terra founder Do Kwon's latest legal developments.
Do Kwon, the co-founder and ex-CEO of Terraform Labs, notched a minor victory on Tuesday when the Montenegrin Appeals Court quashed last month's Supreme Court decision that would have seen him deported to the United States to face fraud charges.
An appeals court in Montenegro has overturned a previous ruling to extradite Terraform Labs founder Do Kwon to the US, the court said Tuesday.
In a recent court filing, bankrupt cryptocurrency firm Terraform Labs has strongly criticized the US Securities and Exchange Commission (SEC) for its objection to a $166 million retainer paid to law firm Dentons.
The attention Bitcoin has been getting since the beginning of Q4 last year is now trickling down to altcoins, starting with the biggest, Ethereum, which hit another milestone above $3,800 on Tuesday. Also gaining strength is LUNC price with its impressive 14% increase in 24 hours on top of a staggering 56% surge in the last week.
In a pivotal legal reversal, Montenegro's Court of Appeals has annulled the extradition of Terraform Labs co-founder Do Kwon to the United States, siding with his defense's appeal and invalidating a prior High Court ruling from Feb. 20. Montenegro's Appeal Court Blocks Do Kwon's U.S.
Once again, the case will head to a lower court to be retried. Terra founder Do Kwon faces charges over the collapse of LUNA and UST.
Do Kwon's extradition remains unsettled, after the appeal court in Montenegro annulled a recent ruling to extradite Kwon to the United States.
On Tuesday, March 5, the Appellate Court of Montenegro has overruled the decision of the High Court of Podgorica, which had approved the extradition of Terraform Labs co-founder Do Kwon to the United States for criminal prosecution.
The Montenegro Court of Appeals has ruled against fugitive Do Kwon's extradition to the United States to face fraud charges.
Terraform Labs co-founder Do Kwon's extradition to the US was annulled by the Appellate Court of Montenegro, according to a Mar. 5 notice on the Court's website. This development occurs amid bankrupt Terraform Labs' recent legal wrangle with the US SEC.
A court in Montenegro overturned a previous court's ruling to extradite the imprisoned co-founder of the Terra (CRYPTO: LUNA) blockchain network Do Kwon to the United States. What Happened: The initial ruling by the Higher Court in Podgorica on Feb. 20, 2024, had approved the expedited extradition of South Korean national Kwon to the U.S., following a request by the United States for his criminal prosecution for multiple offenses.
Do Kwon scores a win after a Montenegro Appellate Court overturned a lower court's decision to extradite him.
