The United States or South Korea? Do Kwon's days in Montenegro are numbered as he has just completed a four-month prison sentence for using false documents. He has been settling a score with the authorities in Podgorica since March 23, but his legal troubles are not over yet, far from it.
He is now facing a major trial for his role in the Terran Industrial Disaster (LUNA), but there is currently no way of knowing whether the trial will be held in the United States, South Korea or both countries. Looking back at the parole of Spitz Prison's most famous inmate .
Do Kwon serves sentence in Montenegro
Four months. Do Kwon will therefore be sentenced to four months in prison by the Montenegrin justice system for using false documents in Montenegro. While we believe that Washington or Seoul will have the necessary resources to quickly extradite the key defendants in the Terra (LUNA) scandal, the authorities in Podgorica have not given up and have successfully implemented their laws.
As a result, Do Kwon found itself technically exempt from local laws. On March 23, he also left the notorious Spitz Prison and headed to the Foreigners Reception Center. In this administrative detention center for non-European residents, he will now wait to find out where he will fly next. Local newspaper Vijesti told CNN he was questioned by local police for several hours.
DO Kwon converted the Spuz prison into a detention center for foreigners, where he will wait to learn his fate.
Where is the founder of Terra (LUNA) now awaiting his extradition?
We also learned that his passport has been revoked and he can no longer move freely. However, this situation is considered illegal according to its field representative Goran Rodić, who announced to the media that he would file a complaint with the Administrative Court. The new procedure will be added to an appeal filed with the Supreme Court last week by prosecutors in the case who opposed extradition to South Korea.
The latter criticized the Podgorica court for "exceeding its powers through a simplified legal process" and we are now waiting to know what the country's highest authorities think of all this.
Whatever happens, the SEC's lawsuit against Terraform Labs and Do Kwon should begin on March 25, despite the absence of key stakeholders. But we remember that the U.S. judicial system has anticipated this situation, and the defendant's lawyer has warned that he will definitely not attend the hearing at the beginning.
So this is a crucial week for Do Kwon, who should remain incarcerated at this center until his extradition is announced, when he will inevitably have listeners around Manhattan to learn about his role in the lawsuit against the U.S. government What was said. Securities and Exchange Commission (SEC).
This dramatic example of corruption in the Web3 ecosystem will undoubtedly serve as a great example for Gary Gensler’s SEC to reiterate the importance of strong regulation in ending the “Crypto Wild West” (even More).
