Legal Battle Ensues for Extradition of Crypto Kingpin to South Korea

Friday, 8 March 2024, 09:10
US prosecutors face challenges in the extradition of former Terra Luna crypto kingpin Do Kwon to South Korea to face fraud charges. Following a court ruling in favor of South Korea, the US Securities and Exchange Commission will need to lobby for Kwon's extradition. The decision on Kwon's fate was influenced by the alleged crime's severity, extradition requests order, and procedural arguments.

How Crypto Kingpin Do Kwon's Fate Was Decided

Former Terra Luna crypto kingpin Do Kwon will be extradited to South Korea to face fraud charges related to the collapse of the Terra Luna ecosystem. A court ruling favored South Korea over the US for the extradition.

Reasons for Extradition Decision

  • Kwon's legal team argued that South Korea's extradition request was submitted first, giving it precedence over the US request.
  • The decision factored in the severity of the alleged crime and the timing of the extradition requests.

Kwon's move to South Korea is set for February 2024 after finishing his sentence, leading the US to continue its efforts for his extradition.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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