South Korea Prepares for Extradition of Terra Co-Founder Do Kwon

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Cointime2024/03/07 11:49

By:Cointime

South Korea is now preparing for the extradition of Terra co-founder Do Kwon from Montenegro, after he won an appeal against extradition to the United States. The National Police Agency is working with Interpol to coordinate the extradition to South Korea. The Ministry of Justice’s International Criminal Division and the National Police Agency are collaborating to repatriate Kwon through the International Criminal Cooperation Channel and Interpol’s International Cooperation Line. Kwon's token, LUNA, is not considered a security in South Korea, but a judge in the US SEC vs Terraform Labs and Do Kwon lawsuit ruled that it is a security, which has implications for the severity of punishment and imprisonment terms.

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