🔒Do Kwon's fate: South Korea wins extradition rights, crypto giant to face trial in home country
📢 Hey everyone, big news! After months of court battles, cryptocurrency star Do Kwon is finally going to be extradited back to South Korea. On Thursday, the Montenegrin Court of Appeal made a final ruling that the founder of the Terra blockchain will face legal trials in South Korea.
🤔The name Do Kwon may not be familiar to some new friends, but if you pay attention to cryptocurrencies, his story is definitely worth paying attention to!
💥 Since the collapse of the Terra blockchain in 2022, countless investors have lost $44 billion, which has caused dissatisfaction among global users and regulators. The SEC even sued and asked him to pay an astronomical fine of $5.3 billion. This number is shocking!
🏃♂️ Later, in order to avoid accountability, Do Kwon quietly moved between countries and was finally arrested in Montenegro for forging a passport. Since then, he has been detained in a local prison and accepted the legal proceedings of the Montenegrin High Court. During this period, the United States and South Korea have also proposed extradition negotiations many times!
🇰🇷However, although the United States may punish Do Kwon more severely, the ruling of the Montenegrin court has given him the opportunity to return to South Korea, which may be a small victory for him. After all, experts are saying that the punishment he may face in South Korea will be lighter than in the United States.
👨⚖️Now, Do Kwon’s lawyer has stated that Montenegro will arrange for him to return to the country as soon as possible with the assistance of Interpol. Since March, his fate has been floating around in the Montenegrin court. Most speculation is that he will be extradited to the United States for trial. Now there is finally a conclusion, and he may be sent back to South Korea for a new round of trials!
💬But then again, what do you think of this matter? Do you think Do Kwon will get a fair trial when he returns to South Korea? Or is it more likely that American law will make him pay the price he deserves?
🔮 In the world of cryptocurrency, the rules and laws of various countries are always confusing. But there is reason to believe that the ruling of this incident will undoubtedly be a key turning point in this case. Welcome to express your views and opinions in the comment section!
