According to reports, the Supreme Court Council decided to free Kwon. The Council will now consider a decision that might approve or disapprove his extradition to his home country of South Korea.
Do Kwon, a South Korean crypto fugitive, was freed from jail in Montenegro while the Supreme Court considered South Korea’s and the United States’ demands for extradition. A report from Bloomberg states that he was freed on Saturday, March 23. The Supreme Court overturned a lower court’s decision and stopped the extradition of the co-founder of Terraform Labs to South Korea.
Terra Founder Dealing With Fraud Claims In US As Well As South Korea
The Terra founder, Kwon, is presently dealing with claims of fraud in both South Korea and the United States related to the Terra Luna collapse, which caused the market value to drop by around $60 billion in 2022. According to reports, prison director Darko Vukcevic stated over the phone that Do Kwon was freed from prison after serving his usual sentence for using forged documents. Due to his foreign citizenship and the withholding of his documents, he was brought for an interview at the police directorate for foreigners, where he will now be handled. According to reports, the Supreme Court Council decided to free Kwon. The Council will now consider a decision that might approve or disapprove his extradition to his home country of South Korea. Penalties in South Korea are less severe than those in the United States, where Kwon is being prosecuted for the $40 billion collapse of the TerraUSD algorithmic stablecoin in 2022. Penalties in South Korea are less severe than those in the United States, where Kwon is being prosecuted for the $40 billion collapse of the TerraUSD algorithmic stablecoin in 2022.
