South Korea’s National Police Agency has formally asked Interpol for help in bringing Do Kwon, co-founder of Terraform Labs, to justice. The move comes after a Montenegrin court canceled Kwon’s extradition to the U.S., reigniting South Korea’s pursuit of justice.
Read further for the latest developments in this high-profile case.pen_spark
On March 7th, South Korea’s police agency sent a letter to Interpol, seeking assistance in extraditing Kwon for securities fraud. Officer Lee Yong-sang shared that the Ministry of Justice’s International Criminal Division and the National Police Agency are actively working together, using international channels for cooperation. Despite their efforts, the agency is currently waiting for Interpol’s response.
A Twist in the Tale
Recent setbacks occurred as the Montenegrin court nullified Kwon’s U.S. extradition order, prompted by Kwon’s defense, raising doubts about its validity. The defense argued that misinformation about the sequence of extradition requests between the U.S. and South Korea influenced the court’s initial decision.
Meanwhile, Kwon faces charges, including securities fraud, connected to the Terra ecosystem’s collapse in May 2022, causing significant financial losses for investors.
Also Read: Did Elon Musk Buy More Bitcoins? Here’s What Data Reveals
Even before Kwon’s arrest in September 2022, South Korean authorities had requested Interpol’s “red notice.” A previous report confirmed that Interpol issued a Red Notice for Do Kwon, intensifying the search for his arrest.
Last March, Montenegro police arrested Kwon at Podgorica airport, revealing forged passports, including Costa Rican and Belgian documents. This led to formal charges, setting the stage for legal proceedings in a Podgorica court.
This extradition saga underscores the complexities of international legal proceedings and the challenges posed by cross-border criminal investigations. South Korea’s persistent pursuit of justice for the Terra ecosystem’s collapse highlights the intricate web of global efforts against financial crimes.
Stay tuned for more twists and turns as the story unfolds.
This Might interests you: Wall Street’s Peter Schiff Bets on Bitcoin with NFT Debut on Magic Eden
World (formerly Worldcoin), backed by Sam Altman, is launching in six U.S. cities, including Los…
The cryptocurrency market has recorded a troublesome number of failed projects in recent years. According…
Ripple’s bold $5 billion offer to acquire Circle, the issuer of USDC, has officially fallen…
Crypto influencer and investor Anthony Pompliano is boldly moving to Wall Street with the launch…
Scott Melker hosted a recent interview featuring Andrew Parish from Arch Public, Eleanor Terrett from…
XRP has been in the crypto world for over a decade, and despite many challenges,…
