Verdict in Montenegro
Crypto bankrupt Do Kwon is extradited to the USA
The internationally wanted cryptocurrency founder Do Kwon will be deported from Montenegro to the USA. This was decided by Montenegro's Minister of Justice Bojan Bozovic after a long legal tug-of-war. Extradition requests have been submitted from both Kwon's home country of South Korea and the USA. Prosecutors in both countries are accusing him of fraud, among other things.
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen Kwon was arrested in Montenegro in March 2023. The highest court there recently ruled that both extradition requests were formally correct. It was now up to the Minister of Justice to decide between the two applicant states.
Damage of 40 billion dollars
Kwon had created the cryptocurrencies Terra and Luna in Singapore. However, the Terra-Luna system collapsed spectacularly in May 2022. Investors came away empty-handed. The bankruptcy is said to have caused losses of 40 billion dollars (around 38.5 billion euros).
Kwon then disappeared. Interpol issued an international arrest warrant for him. In March 2023, Kwon and his business partner Hon Chand Yun were arrested in Montenegro's capital Podgorica when they attempted to fly from there to Dubai using forged Costa Rican passports.
They were sentenced to several months in prison in Montenegro for forging documents and were subsequently placed in extradition custody. Chand Yun was extradited to South Korea at the beginning of this year, as reported by Montenegrin media.
This article has been automatically translated,
read the original article here.
Da dieser Artikel älter als 18 Monate ist, ist zum jetzigen Zeitpunkt kein Kommentieren mehr möglich.
Wir laden Sie ein, bei einer aktuelleren themenrelevanten Story mitzudiskutieren: Themenübersicht.
Bei Fragen können Sie sich gern an das Community-Team per Mail an forum@krone.at wenden.