As a seasoned analyst with years of experience in following complex legal battles and their impact on global markets, I find the ongoing saga of Do Kwon’s extradition to be a fascinating study of jurisdictional complexities and political intrigue.
The Higher Court of Montenegro delayed the transfer of Do Kwon, founder of Terraform Labs, back to his native South Korea, as they are currently examining the validity of past judicial rulings regarding this matter.
On August 2nd, the Supreme State Prosecutor’s Office (VDT) asked for legal safeguards, suggesting a postponement of the extraditions ordered by both the High Court in Podgorica and the Appeals Court.
Conflicting Rulings Plague Do Kwon Extradition Saga
Based on local news accounts, a panel led by Judge Seka Piletić has issued a decision regarding an inquiry from the VDT, who questioned whether previous court rulings permitting Do Kwon’s extradition to South Korea and denying his extradition to the U.S. were lawful under Montenegro’s Law on Criminal Legal Assistance.
During today’s council meeting, a decision was made to delay the implementation of the ruling from the High Court in Podgorica and the Montenegrin Court of Appeal. This postponement is pending the decision of the Supreme Court regarding a petition for legal protection, which will be issued within the specified timeframe according to law. (Supreme Court statement)
The recent turn of events regarding the extradition case of Do Kwon has come about following a string of contrasting judicial decisions in Montenegro. In March 2023, authorities apprehended Do Kwon at Podgorica airport as he attempted to escape to Dubai with his associate, Chang Jun, using counterfeit travel documents.
Initially, the court in Podgorica ordered the extradition of Do Kwon to the U.S., but this decision was reversed later on. Subsequently, the same court decided to approve his extradition to South Korea, a choice that was endorsed by the Court of Appeal as well.
Yet, the demand from the Virtual Docking Terminal (VDT) for legal protection prompted the Supreme Court to step in and delay the extradition proceedings.
Claims Of Abuse of Power
According to the report, Goran Radic, lawyer for Do Kwon’s defense, has spoken out against the actions taken by the VDT. He argued that modifying a decision that benefits the defendant is only permissible if it involves an abuse of power.
As a researcher, I’ve noted an intriguing pattern in this case – a string of seemingly contradictory judicial rulings. This inconsistency, I believe, stems from what appears to be a misplaced priority by the authorities. Instead of upholding the law and our international agreements, it seems they have chosen to prioritize an illegal private pledge made by a minister regarding Kwon’s extradition.
The case of Do Kwon dubbed the “mastermind” behind the collapse of the Terra/LUNA cryptocurrency ecosystem, estimated to have caused over $40 billion in losses to investors, has drawn significant attention and controversy.
Over the last year, the apprehension of an individual and the ensuing court disputes in Montenegro have been entangled with the political strife between two prime ministers, Dritan Abazović and Milojko Spajić.
Currently, the native token of Luna Classic (LUNC), which is the blockchain’s own currency, is being traded at $0.00006896. In the past 24 hours, it has seen a rise of 5.4% due to a partial recovery in the overall crypto market following Monday’s market crash.
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2024-08-09 15:12