The Final Verdict: Do Kwon to Face Justice in South Korea for Terra Crash

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South Korea won the legal battle in the international tug-of-war to extradite and prosecute Do Kwon. The case has now reached its climax and everyone is looking for accountability for his crime. Will South Korea do justice to millions of people who faced financial trauma due to the Terra crash? A hard nut to crack!

The recent decision by the Appellate Court of Montenegro has upheld the nation’s high court’s decision to allow the ex-Terra founder to be sent back to South Korea. According to the release, Do Kwon may face “several criminal offenses” when returned. Both South Korea and the United States have requested Kwon to be extradited to their jurisdictions and it appears South Korea is likely to win, based on its requests being filed first.

The Ripple Effect

Kwon’s return to South Korea on March 24 has sparked discussions about the Terra Luna crash investigation and legal proceedings. Montenegro’s decision underscores the seriousness of the charges he faces despite his attempts to challenge extradition.

Both in the United States and worldwide, the fight to extradite Kwon is reaching a critical point. Many people lost their hard-earned money in the Terra Luna crash, leading people worldwide to call for responsibility. Since Kwon will be handed over to the South Korean government, people are now worried about what this could mean for the cryptocurrency business and investor safety. In South Korea, Kwon will face criminal charges concerning the May 2022 collapse of his multibillion-dollar crypto enterprise.

However, amidst the anticipation of Kwon’s return, it is still unclear what charges Kwon will face in South Korea and how the transfer process will work. People are looking forward to his return. The case is now more complicated since it involves multiple countries, with transfer requests from both South Korea and the US. 

Call for Oversight

Do Kwon’s lawyers have confirmed that his extradition is now definite, but there’s no set timeframe for when it will happen. The DOJ plans to appeal Montenegro’s decision and is still seeking Kwon’s extradition to the US. Kwon remains detained in Montenegro after trying to travel with a fake passport.

This situation underscores the importance of transparency and oversight in the crypto world. As regulators deal with legal challenges across borders, the crypto community awaits the outcome, pondering the implications for Kwon and the industry’s future.