News

Do Kwon Can Appeal Passport Fraud Case To Supreme Court Delaying Extradition

Key Points:

  • Terraform Labs founder Do Kwon’s legal representative said he appealed the first instance judgment against the passport to the Supreme Court.
  • The extradition can take quite a while as the Terra director’s legal department will exercise its right to defend as much as possible.
  • On the 24th, a court in Montenegro ordered an extension of the detention period for CEO Kwon and his assistant, Mr. Han.
The legal representative of the founder of Terraform Labs, Do Kwon in Montenegro, lawyer Voislav Zetsevich, said in an interview that he had appealed the first instance judgment against Do Kwon’s passport to the Supreme Court, according to Yonhap News.

If they lose the case, they will appeal to the Supreme Court for a final decision and exercise their right to self-defense to the fullest extent. The media commented that the extradition could take quite a while.

He also said that extradition could be refused by the Montenegrin judicial authorities, arguing that extradition would only be completed after the judicial process in the case of forgery conditions.

It is expected that it will take a considerable amount of time before the actual repatriation, as Kwon’s side has clarified that they will exercise their right to self-defense as much as possible.

“I don’t want to talk about it and I don’t need to talk about it because the extradition process has not started yet(…). If the government of Montenegro receives a formal extradition request, whether it is South Korea or the United States of America. United States, a new court will be established and a separate proceeding will be conducted, but repatriation is not an issue at this stage.”

When CEO Do Kwon, who caused more than 50 trillion won in losses to investors worldwide, was arrested, the question of which country he would be repatriated was the biggest concern, heralding a long battle.

Lawyer Zecevich explained that the court for Kwon’s appeal had not been established, and the results had not been announced.

Attorney Zetsevich initially declined Yonhap News’ request for an interview but accepted it, saying he would only answer what he could as a lawyer, and in fact, he must Be consistent with “no comment” on sensitive questions.

As mentioned earlier, CEO Do Kwon, a key figure in the cryptocurrency “crash”, was arrested on the 23rd at Podgorica International Airport, the capital of Montenegro, after 11 months of hiding went abroad while trying to board a plane to Dubai, United Arab Emirates (UAE) using a fake passport.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News

Andy

Recent Posts

Rumor: zkSync Airdrop Imminent With Hint Of Token Launch

Rumor has it that zkSync, an Ethereum scaling solution, may drop a governance token soon.…

2 hours ago

Oklahoma Crypto Bill Passed, No Extra Taxes On Transactions Imposed

Oklahoma crypto bill OKHB3594 safeguards residents' rights to use and self-custody digital assets, legalizes home…

3 hours ago

Solana Tops CoinGecko’s TPS Rankings As The Fastest Blockchain: Report

Solana tops CoinGecko, boasting highest daily transactions per second (TPS). It outperforms Ethereum and Polygon,…

3 hours ago

Bitcoin’s Correlation With Technology Stocks Is Growing With Confidence About Interest Rates

Bitcoin's correlation with mainstream assets, like tech stocks, is on the rise, fueled by optimism…

5 hours ago

Binance Executive Now Stuck In Nigeria Because Court Denied Bail

The Federal High Court in Abuja has denied bail to Tigran Gambaryan, a senior Binance…

6 hours ago

Notcoin Donation Worth Of $6.8M Sent To Telegram’s Founder

Pavel Durov and Telegram has reportedly received the Notcoin donation of 1.03B tokens ($6.8M). Following…

6 hours ago

This website uses cookies.