An appellate court docket in Montenegro overturns an earlier ruling that accredited the extradition of disgraced Terraform Labs founder Do Kwon to the USA.
Kwon is dealing with felony fees arising from the collapse of the stablecoin TerraUSD and cryptocurrency Luna that worn out $40 billion price of investor funds in 2022.
In March final 12 months, Kwon was arrested in Montenegro after trying to board a flight to the United Arab Emirates (UAE) utilizing a cast Costa Rican passport.
The US and South Korea each sought Kwon’s extradition, however a Montenegrin excessive court docket determined in February that the 32-year-old would solely be handed over to American authorities.
In a brand new assertion, the appellate court docket says it’s revoking the February resolution due to procedural points concerning which nation first filed the extradition request.
The court docket of first occasion says the extradition request from the USA got here on March twenty seventh, a day earlier earlier than the request from South Korea arrived, however the appellate court docket says authorities from Kwon’s native nation despatched an e mail requesting extradition as early as March twenty fourth.
“Deciding on the attraction of the defendant’s protection attorneys, the panel of the Appellate Court docket assessed that the choice was affected by vital violations of the provisions of felony process from Article 386 paragraph 1 factors 8 and 9 of the CPC, as a result of there aren’t any clear and legitimate causes for decisive information concerning the order of arrival request letter.”
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Test Price Action
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney
