Terraform creator Du Quoin will likely be extradited to the US, Montenegrin Justice Minister Bojan Bozovic stated Friday.
The US and South Korean governments have sought to detain Kwon to face prison expenses associated to the collapse of the algorithmic stablecoin Terra/Luna system in 2022, which triggered a sequence of high-profile collapses, together with FTX.
Kovin, who was arrested in Montenegro in March 2023 and sentenced to a couple months in jail for passport forgery, has been preventing extradition to the US for greater than a yr. Varied courts within the nation have dominated in favor of the US or South Korea to take custody of the one-time crypto govt.
In his assertion on Friday, Bozovic stated his determination got here after the nation‘s Supreme Court docket dominated that the situations for approving the extradition had been met.
“Preserving in thoughts the judgment of the Supreme Court docket, the Ministry of Justice thought-about all of the info and circumstances and the factors of analysis such because the seriousness of the prison acts, the place of execution, the order of submission of the applying, the citizenship of the particular person requested, different international locations with the potential for additional extradition in addition to different circumstances,” the assertion stated.
The US bid meets these requirements, the assertion stated.
Friday’s announcement is simply the newest in a sequence of back-and-forth selections about the place Cowen needs to be despatched. Montenegro’s appeals court docket dominated in August this yr that Kwon ought to go to South Korea.
Terra’s authorized fallout continues within the US as nicely. Final week, the Securities and Alternate Fee settled expenses with JumpCrypto’s subsidiary, Tai Mo Shan, alleging that Tai Mo Shan bought LUNA as a safety. The corporate pays $123 million as a part of the settlement.
Editor’s be aware: The Montenegrin authorities assertion was translated into English.
