South Korean Police Request Aid in Extraditing Do Kwon: Report
Terra’s co-founder may now be sent to South Korea after his United States extradition was called back.
The National Police Agency of South Korea is calling for help with extraditing Do Kwon shortly after a Montenegro court refused to send him to the United States.
Per a report from local outlet Newsis, the agency sent a telegram to the Secretariat of the International Criminal Police Organization (Interpol) on Thursday.
“We hope for interest and support at the Secretariat level so that the subject can be extradited to Korea,” reads a translation of the request.
“The Ministry of Justice’s International Criminal Division and the National Police Agency are working together to repatriate Mr. Kwon through the International Criminal Cooperation Channel and Interpol’s International Cooperation Line, respectively,” added Lee Yong-sang, an international cooperation officer.
- At writing time, the police agency is yet to hear back from Interpol.
- Do Kwon is the boastful crypto mogul behind the Terra (LUNA) blockchain – an algorithmic payment stablecoin network that imploded in May 2022 due to its unstable design after a brief stint in crypto’s top ten.
- The $44 billion blowup sparked a flurry of lawsuits against the founder and Terraform Labs, including a wide-ranging securities fraud lawsuit from the Securities and Exchange Commission (SEC).
- Kwon went “on the run” in various countries afterward before eventually being arrested and sentenced to prison in Montenegro for carrying a fake passport.
- Though a Montenegro court planned to extradite Kwon to the United States, this ruling was overturned on Monday, claiming that the initial ruling was made on misinformation that the U.S. had requested extradition ahead of South Korea.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Trending news
MoreCrypto prices
More








