Tuesday, November 12, 2024
HomebusinessCrypto fugitive Do Kwon out of Montenegro jail

Crypto fugitive Do Kwon out of Montenegro jail

Published on

spot_img



South Korean crypto fugitive Do Kwon was released from prison in Montenegro early Saturday as the Supreme Court deliberates on extradition requests from US and South Korea.

“We released Do Kwon from prison as his regular prison term for traveling with fake papers ended,” prison director Darko Vukcevic said by phone. “Since he is a foreign citizen and his documents were withheld, he was taken for an interview to police directorate for foreigners, and they will deal with him further.”

Kwon’s lawyer Goran Rodic also confirmed his release. Kwon’s passport has been held back to prevent him from leaving the country, according to state TV.

Kwon was moved to a shelter for foreigners later on Saturday, state TV reported, citing Rodic, who added that he would appeal to a court, arguing that Kwon should be able to stay at large until an extradition decision is reached.

Montenegro’s Supreme Court on Friday suspended earlier decisions by lower-level judges to extradite the former crypto mogul to South Korea, stalling an effort to hand over the Terraform Labs Pte co-founder to his native country. Penalties are less severe there than in the US, where prosecutors want to try Kwon for the $40 billion collapse of the TerraUSD algorithmic stablecoin in 2022.

The Supreme Court acted a day after the top prosecutor in the Balkan country, citing procedural errors, challenged the rulings that favored South Korea’s request. Extradition to either country is now possible only after further deliberations by the court, which offered no time-frame for a final decision when it announced its move on Friday.

See also  The best airlines in the world when flying goes wrong: See the list
Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up for free.



Source link

Latest articles

Spirit Airlines flight shot while landing in Haiti in gang-related violence, officials say

A Spirit Airlines flight from Fort Lauderdale was struck by gunfire while trying...

Bradley Cooper & Gigi Hadid Match in Red During Monday Date in New York City | Bradley Cooper, Gigi Hadid | Just Jared: Celebrity...

Bradley Cooper and Gigi Hadid are enjoying the warmer weather in New York...

Pizzeria Sei, One of LA’s Best, Is Moving to a New Neighborhood in 2025

Pizzeria Sei, a Tokyo Neapolitan-style restaurant in Pico-Robertson, will likely move...

This Sunny Australian City Feels Like a European Town — and It Has a Celeb-favorite Hotel

“Are we still in Brisbane?” I asked myself. Within an hour of...

More like this

Spirit Airlines flight shot while landing in Haiti in gang-related violence, officials say

A Spirit Airlines flight from Fort Lauderdale was struck by gunfire while trying...

Bradley Cooper & Gigi Hadid Match in Red During Monday Date in New York City | Bradley Cooper, Gigi Hadid | Just Jared: Celebrity...

Bradley Cooper and Gigi Hadid are enjoying the warmer weather in New York...

Pizzeria Sei, One of LA’s Best, Is Moving to a New Neighborhood in 2025

Pizzeria Sei, a Tokyo Neapolitan-style restaurant in Pico-Robertson, will likely move...