LIVEDo Kwon, the crypto mogul from South Korea, has been released in Montenegro. 🇰🇷🇲🇪🆓
In a legal showdown spanning continents, Do Kwon, co-founder of Terraform Labs, has emerged from custody in Montenegro, marking a pivotal moment in an ongoing extradition battle. Amidst the legal turmoil, the Supreme Court intervened, putting a halt to Kwon's extradition to South Korea, where the fallout from Terra's collapse looms large.
Kwon's release coincides with the completion of his initial prison sentence for possession of forged documents. However, his passport remains confiscated, limiting his movement outside Montenegro. The Supreme Court's decision now hangs in the balance, with weighty charges in the U.S. linked to the downfall of TerraUSD casting a shadow over Kwon's fate.
Chief prosecutors emphasize procedural flaws favoring South Korea, adding layers of complexity to the already tangled legal web. Kwon's arrest in 2023 for using counterfeit travel documents highlights the intricate challenges in apprehending prominent figures in the crypto space.
The recent release of Do Kwon amidst the extradition battle underscores the intricate legal landscape surrounding crypto-related offenses. As the Supreme Court deliberates, the outcome holds profound implications for the broader crypto community. Stay tuned as this gripping saga continues to unfold at the intersection of law and cryptocurrency.
