{"id":19299,"date":"2023-03-30T13:40:17","date_gmt":"2023-03-30T13:40:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/do-kwon-to-stand-trial-in-montenegro-may-serve-time-before-extradition-bitcoin-news\/"},"modified":"2023-03-30T13:40:17","modified_gmt":"2023-03-30T13:40:17","slug":"do-kwon-to-stand-trial-in-montenegro-may-serve-time-before-extradition-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/do-kwon-to-stand-trial-in-montenegro-may-serve-time-before-extradition-bitcoin-news\/","title":{"rendered":"Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before he is extradited from the Balkan nation, its justice minister indicated.<\/strong><\/p>\n

Alleged South Korean Crypto Fraudster Do Kwon Stays in the Balkans for Now, Officials Say<\/h2>\n

Kwon Do-Hyung, the CEO of the company behind crashed stablecoin terrausd and cryptocurrency luna who is better known as Do Kwon, will face trial in Montenegro. He was arrested there on March 23 while trying to leave for Dubai using a false Costa Rican passport.<\/p>\n

Terraform Labs co-founder\u2019s trial for using forged personal documents \u201cmust be completed first\u201d before he can be extradited to other countries, his Montenegrin lawyer Vojislav Ze\u010devi\u0107 told South Korea\u2019s Yonhap news agency on Tuesday.<\/p>\n

Authorities in both South Korea and the United States are seeking Kwon\u2019s extradition. However, the prosecutor investigating the case was quoted as saying<\/a> on Monday that the process is likely to take some time as judicial authorities in Montenegro intend to indict him.<\/p>\n

Ze\u010devi\u0107 now added that he intends to appeal the court order extending Kwon\u2019s pre-trial detention. The Korean was initially arrested for 72 hours but a local court extended<\/a> the measure to 30 days, citing the flight risk and the need to verify his identity.<\/p>\n

Kwon\u2019s lawyer claims the said passport was legitimate but according to a Bloomberg report, a forged Belgian passport was also found in his luggage. Meanwhile, Montenegro\u2019s Interior Minister Filip Ad\u017ei\u0107 revealed that investigators also found three laptops and five mobile phones belonging to Kwon that carried a lot of \u201cvery interesting\u201d information.<\/p>\n

In another report, Bloomberg quoted Montenegro\u2019s Justice Minister Marko Kova\u010d who said that a judge will decide if Do Kwon will be extradited to the U.S. or South Korea. He also emphasized that Kwon may first have to serve time in the small European nation if convicted of traveling on fake documents.<\/p>\n

\u201cConsideration will be given to the gravity of crimes, the location of committed offenses, the sequence of requests, as well as the citizenship\u201d of the suspects, Kova\u010d elaborated on Wednesday. Kwon was arrested together with another man who has since been identified as Terraform\u2019s Chief Financial Officer, Han Chang-joon.<\/p>\n

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Arrest<\/a>, co-founder<\/a>, collapse<\/a>, Crypto<\/a>, Cryptocurrencies<\/a>, Cryptocurrency<\/a>, detention<\/a>, do kwon<\/a>, extradition<\/a>, founder<\/a>, korea<\/a>, Kwon<\/a>, LUNA<\/a>, Montenegrin<\/a>, Montenegro<\/a>, South Korea<\/a>, Stablecoin<\/a>, Terraform<\/a>, terraform labs<\/a>, TerraUSD<\/a>, Trial<\/a>, U.S.<\/a>, US<\/a><\/div>\n<\/div>\n

To where do you think Montenegro will eventually extradite Do Kwon? Tell us in the comments section below. <\/strong><\/em><\/p>\n

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\nLubomir Tassev <\/h6>\n

\nLubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens\u2019s quote: \u201cBeing a writer is what I am, rather than what I do.\u201d Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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