TerraClassicUSD

It was just a matter of a few weeks ago when we confidently reported that Do Kwon&#39;s extradition was finally decided upon and that the LUNA founder was headed back to South Korea.The news came following months of uncertainty and deliberation between Montenegro, the US, and South Korea. When the news came that Do Kwon would be returning to home ground, we were relieved that the chapter had finally come to a close.However, just days following the announcement, Montenegro’s Supreme Court suspended the decision made by lower-level judges. The Supreme Court cited procedural errors and challenged rulings that sided with extradition to South Korea.It now seems that Do Kwon could end up on trial in New York instead. Kwon and his team had pushed for extradition to South Korea as sentences for white-collar crimes are less harsh than Montenegro seems fit. Therefore the government intends to approve extradition to the US instead.In a statement on Friday, the Supreme Court said Montenegro&#39;s country justice minister will make a decision about Do Kwon&#39;s fate and that the case has been returned to the High Court for legal assessment.The US Department of Justice has been pushing for Montenegro to hand over Do Kwon to them. &#34;The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law,” the DoJ said.“The United States appreciates the cooperation of the Montenegrin authorities in ensuring that all individuals are subject to the rule of law.”Meanwhile, a New York jury has found Terraform Labs and Do Kwon liable for civil fraud charges issued by the SEC.On Friday, the jury delivered the verdict two hours after lawyers for the SEC and defendants gave their closing arguments. Jurors agreed with the SEC that Do Kwon and Terraform Labs deceived investors every day.“We are pleased with today’s jury verdict holding Terraform Labs and Do Kwon liable for a massive crypto fraud,” Gurbir Grewal, SEC Division of Enforcement director, wrote in a statement.

Do Kwon Could Be Extradited to US; Terraform Labs Liable for Fraud in SEC Case

Blockhead

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