The extradition of Terraform Labs co-founder Do Kwon to South Korea has been put on hold by Montenegro's Supreme Court, following a legal challenge from the country's top prosecutor. Initially, a Montenegro court confirmed the extradition, but the decision was contested by Montenegro's top prosecutor, leading to the Supreme Court's intervention. The Supreme Court has paused the extradition process to clarify prosecution responsibilities and to review significant violations of criminal procedure provisions related to the Terra/Luna case. This development comes as Do Kwon faces fraud charges in New York, related to the 2022 collapse of Terraform Labs' TerraUSD and Luna cryptocurrencies, which significantly impacted markets. Meanwhile, Do Kwon has been released from prison in Montenegro after serving a regular term for traveling with fake documents, but he remains in the country as the court deliberates on whether to extradite him to the U.S. or South Korea, highlighting the Minister of Justice's role in the decision.
Counsel for Terraform Labs creator Do Kwon told a Manhattan federal jury that Kwon believed in his technology and told the truth, pushing back against claims that he lied about the stability and business prospects of his bankrupt cryptocurrency startup. https://t.co/Dzndx22S88 https://t.co/d5MD15HT6E
The SEC said Terraform Labs and founder Do Kwon misled investors in 2021 about the stability of TerraUSD and falsely claimed that Terraform's blockchain was used in a Korean mobile payment app, as a US civil fraud trial begins https://t.co/liJSZqpkD0 https://t.co/4s2FersNnO
OK - now at SEC v. Terraform Labs trial, Day 1 - Do Kwon, needless to say, is not here. But witness is on stand, bought $188,000 of UST on Gemini in Feb-March 2022. Inner City Press is covering the crypto case(s) and will live tweet, thread below https://t.co/hUmnmUpOES https://t.co/nQDzDaAq1u
A civil fraud trial for controversial crypto CEO Do Kwon and his company Terraform Labs begins on Monday. https://t.co/HD6zjy1ViG
Montenegro Prison director Darko Vukcevic said: “We released Do Kwon from prison as his regular prison term ... he was taken for an interview to the police directorate for foreigners, and they will deal with him further.” What do you think is next for @stablekwon? 👀 https://t.co/g6qrQaLy69
Who Is Do Kwon? Crypto CEO Whose Coin Lost $40 Billion In 2022 Facing Civil Fraud Trial https://t.co/EmpP0GktQK https://t.co/lobdsKl4AG
Terraform Labs founder Do Kwon built ‘house of cards,’ SEC lawyer says at crypto fraud trial https://t.co/NsCO7NhFzY https://t.co/c7fQ6RHfsx
Do Kwon escapes extradition yet again, goes to migrant centre https://t.co/mT5ng3L5fa
Terraform Labs and its founder Do Kwon built a 'house of cards' and lied to investors about the stability of a cryptocurrency whose collapse rippled through markets in 2022, a lawyer for the SEC told a Manhattan jury as its civil fraud trial began https://t.co/liJSZqpkD0 https://t.co/OmeW05Qik9
Terraform Labs goes on trial over civil fraud claims tied to the 2022 implosion of its TerraUSD stablecoin while co-founder Do Kwon remains in Montenegro waiting to learn whether he’ll be extradited. https://t.co/nS2j80XcuQ
Terraform Labs' civil fraud trial set to begin in New York - Reuters https://t.co/bDjSSkSfky
The trial against Do Kwon and Terraform Labs begins today in NYC ICYMI the whole trial essentially revolves around the very question I asked Do more than a year ago now. Here’s how Do defined fraud in his own words back then… https://t.co/8jDI2rvaW9
Terraform Labs' civil fraud trial set to begin in New York https://t.co/Cz4buVrZ9A https://t.co/1ctRaAPpN5
Terraform Labs and its founder Do Kwon are set to face trial on March 25 in Manhattan on a regulator's claim that they lied to investors before the collapse of two of the company's cryptocurrencies, which roiled markets in 2022 https://t.co/liJSZqpkD0 https://t.co/2fVgYRCwZu
⚠️ TERRAFORM LABS' CIVIL FRAUD TRIAL SET TO BEGIN IN NEW YORK Full Story → https://t.co/sl3GHIok6F Terraform Labs and its founder Do Kwon are set to face trial on Monday in Manhattan on a regulator's claim that they lied to investors before the collapse of two of the… https://t.co/XO6EqxKK41
DO KWON PLACED IN "RECEPTION CENTER" IN MONTENEGRO AFTER PRISON RELEASE Kwon was reportedly interrogated by a local inspector for five hours before being moved to the camp. He is expected to remain guarded in the facility until the local court makes a new decision on his… https://t.co/c921NzFrMl
DO KWON RELEASED FROM PRISON IN MONTENEGRO The Supreme Court suspended a lower court decision to extradite him to South Korea, where he faces fraud charges related to the Terra Luna collapse in 2022. Kwon's release followed the completion of his regular prison term for… https://t.co/wPnPO1xPlN
Terraform Labs' Former CEO Do Kwon Freed From Montenegro’s prison https://t.co/fr3dmuBUIb
Do Kwon awaits final extradition call in foreigner camp in Montenegro: report https://t.co/aSXINCAK9F
#Terra's Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision https://t.co/fr3dmuBUIb
Do Kwon released in Montenegro as extradition decision looms. https://t.co/BSBV1Z67vT
Do Kwon released from Montenegro prison as Supreme Court considers extradition requests https://t.co/Kn4gwJwdWf
NEW: The 🇲🇪 Montenegrin Supreme Court halts Do Kwon's extradition to 🇰🇷 South Korea, overturning prior rulings from two lower courts 😮 He faces charges in both South Korea and the U.S https://t.co/DwvZCpvPoW
The SEC's suit against collapsed cryptocurrency project Terraform and its creator Do Kwon takes center stage next week in U.S. District Judge Jed Rakoff's courtroom in Manhattan. Here's five things to keep in mind going into the trial. https://t.co/4tEvoPNcXt https://t.co/75W5StACGM
Do Kwon has been released from jail in Montenegro while the court is still trying to decide whether to extradite him to the U.S. or South Korea https://t.co/xCFs0ibUhf
Do Kwon—the crypto fugitive U.S. prosecutors want to try for $40B collapse of TerraUSD—released from Montenegro prison. https://t.co/cer8WfOasS
Do Kwon, the South Korean crypto fugitive, was reportedly set free from prison in Montenegro over the weekend https://t.co/EX7iflNRzE
JUST IN: Do Kwon has been released from prison in Montenegro. https://t.co/7d80cvcbe3
NEW: Terra Founder Do Kwon has been released from prison in Montenegro, per Bloomberg. His prison term for traveling with fake documents has ended Montenegro’s Supreme Court still weighing extradition to US or South Korea. Kwon’s real passport being held https://t.co/PblorFaIuJ
South Korean crypto fugitive Do Kwon has been released from prison in Montenegro https://t.co/Q7UOwZtcez
Montenegro's Supreme Court has paused an appellate court decision to extradite Terra/Luna's Do Kwon to South Korea after the country's top prosecutor said it was the Minister of Justice's role to decide where he'll go. https://t.co/nEpvRNoyGi
Per the High Court decision, Do Kwon will be released from prison in Spuž on Saturday but will not be allowed to leave Montenegro https://t.co/NYWqySdeh1
The SEC's suit against collapsed cryptocurrency project Terraform and its creator Do Kwon takes center stage next week in U.S. District Judge Jed Rakoff's courtroom in Manhattan. Here are five things to keep in mind going into the trial. https://t.co/4tEvoPNcXt https://t.co/o4wpF7LV4A
Montenegro court delays extradition of Terraform Labs co-founder to South Korea https://t.co/taybZEcjhf https://t.co/mAATzi8riT
Do Kwon to be released from jail, remain in Montenegro https://t.co/Gw9VFYyvuB
Montenegro Supreme Court postpones Do Kwon's extradition to South Korea. https://t.co/vcKFKr8pIE https://t.co/XOE5koRmsr https://t.co/XSdWgEOtZk
BREAKING: DO KWON EXDRADITION PROCESS TO SOUTH KOREA HALTED VIA MONTENEGRIAN SUPREME COURT
Do Kwon went from crypto king to fugitive to the subject of an extradition contest between the US and South Korea. Here's what you need to know. https://t.co/A7asxeG7Uk
Montenegro’s Supreme Court suspended earlier decisions by lower-level judges to extradite former crypto mogul Do Kwon to South Korea https://t.co/MoOiHH2qcv
⚠️ MONTENEGRO COURT DELAYS EXTRADITION OF TERRAFORM LABS CO-FOUNDER TO SOUTH KOREA Full Story → https://t.co/7ToXPSVV5o Montenegro's top court on Friday decided to delay the extradition of Terraform Labs co-founder Do Kwon to South Korea until it clarifies prosecution… https://t.co/4Qlg07CO0M
The Prosecutor General's Office of Montenegro says the decision to deport Terraform Labs founder Do Kwon to South Korea was illegal https://t.co/qHzQzMsnX5
An appellate court in Montenegro has again stopped the extradition of Terra co-founder Do Kwon over “significant violations of the provisions of criminal procedure." Read more: https://t.co/CEbGHzuf6S
🧳 Until Wednesday, Kwon’s extradition to South Korea seemed to be all but finalized... ✍️ by @tikta_ 🗞 Read more: https://t.co/Rm47zRVmib https://t.co/CUiGdHzK4r
Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea. https://t.co/zFzJzR0gwS
🚨SUPREME COURT BLOCKS DO KWON EXTRADITION TO SOUTH KOREA: WHAT WE KNOW🚨 - According to an official release, the Supreme Court of Montenegro has stepped in to block Do Kwon’s extradition to his home country of South Korea. - The court has placed a pause on proceedings,… https://t.co/sXa8Yn8H1w https://t.co/E1YW6X9aZh
🚨BREAKING: MONTENEGRO SUPREME COURT BLOCKS DO KWON EXTRADITION TO SOUTH KOREA
Montenegro's Supreme Court has paused an appellate court decision to extradite Terra/Luna's Do Kwon to South Korea after the country's top prosecutor said it was the Minister of Justice's role to decide where he'll go. @cheyenneligon reports https://t.co/ll6Bv68C37
Top prosecutor in Montenegro challenges court’s ruling to extradite Do Kwon to South Korea https://t.co/PlOsWFOE4S
MONTENEGRO SUSPENDS DECISION TO EXTRADITE DO KWON TO SOUTH KOREA
❖ MONTENEGRO SUSPENDS DECISION TO EXTRADITE DO KWON TO S. KOREA
Terra Co-Founder Do Kwon's Extradition to South Korea Is in Limbo ► https://t.co/tLQ0NAuHK0 https://t.co/tLQ0NAuHK0
DO KWON’S SOUTH KOREA EXTRADITION UNCERTAIN: MONTENEGRIN PROSECUTORS CHALLENGE THE DECISION - Prosecutors in Montenegro are fighting the extradition of Do Kwon, co-founder of Terraform Labs, to South Korea. - The Supreme State Prosecutor’s Office of Montenegro has raised… https://t.co/2Zefx0sbuh
UPDATE: MONTENEGRIN PROSECUTORS CHALLENGE DO KWON'S EXTRADITION TO SOUTH KOREA, POTENTIALLY TAKING THE CASE TO THE COUNTRY'S SUPREME COURT
Montenegro’s top prosecutor contests Do Kwon’s South Korea extradition https://t.co/sLdtaKVoOm
Terra co-founder Do Kwon’s extradition to South Korea has been halted following a legal challenge from the top prosecutor of Montenegro. @cheyenneligon reports https://t.co/J2KDVnhe4s
Montenegro’s top prosecutor is challenging recent court decisions to extradite Terraform Labs co-founder Do Kwon to his native South Korea. https://t.co/buoQ7vMN6i
UPDATE: Montenegro Court confirms extradition of Terra Labs founder Do Kwon to South Korea, ending extradition battle. More details…↓ #DoKwon #Terra https://t.co/9wxR488jW2