Terraform creator Do Kwon might be extradited to the U.S., Montenegrin Justice Minister Bojan Božović mentioned Friday.
The U.S. and South Korean governments have each sought to take custody of Kwon to face prison costs associated to the collapse of the algorithmic stablecoin Terra/Luna system in 2022, which kicked off a sequence of high-profile collapses together with that of FTX.
Kwon, who was arrested in Montenegro in March of 2023 and sentenced to some months in jail over passport forgery costs, has been preventing his extradition to the U.S. for greater than a 12 months. Numerous courts within the nation have dominated in favor of the U.S. or South Korea taking custody of the onetime crypto government.
In his assertion on Friday, Božović mentioned his choice adopted the nation’s Supreme Courtroom ruling that the circumstances for approving an extradition had been met.
“Bearing in mind the verdict of the Supreme Court, the Ministry of Justice considered all the facts and circumstances and assessed criteria such as the gravity of the criminal acts, the place of execution, the order of submission of the request, the citizenship of the requested person, the possibility of further extradition to another country, as well as other circumstances,” the assertion mentioned.
The U.S. bid met these standards, the assertion mentioned.
Friday’s announcement is simply the most recent in a string of back-and-forth selections about the place Kwon must be despatched. The Appellate Courtroom of Montenegro dominated in August of this 12 months that Kwon ought to go to South Korea.
The authorized fallout for Terra continues within the U.S. as nicely; final week, the Securities and Trade Fee settled costs with Tai Mo Shan, a subsidiary of Bounce Crypto, alleging Tai Mo Shan offered LUNA as a safety. The corporate pays $123 million as a part of the settlement.
Editor’s notice: The Montenegrin authorities’s assertion was translated into English.
