Korean crypto mogul Do Kwon pleaded not guilty Thursday to criminal fraud charges after he was extradited to the United States from Montenegro earlier this week, according to media reports.
Montenegro on Tuesday extradited a Korean mogul known as “the cryptocurrency king” to the United States, following a decision of its justice ministry earlier this month to accept a U.S. request.
The Montenegrin government will extradite Korean crypto mogul Do Kwon to the United States for trial, according to local reports.
Montenegro's Constitutional Court has dismissed an appeal lodged by Korean crypto mogul Do Kwon over a verdict on his extradition, a report said Tuesday.
Montenegro's prime minister, Milojko Spajic, was found to have invested in Terraform Labs' Luna cryptocurrency, rekindling interest in his ties to Do Kwon.
The disgraced founder of Terraform Labs, behind TerraUSD and Luna, agreed to settle the lawsuit brought by the U.S. SEC over the collapse of the cryptocurrencies.
Lawyers representing crypto company Terraform Labs and its disgraced founder Do Kwon demanded a reduced fine from the U.S. Securities and Exchange Commission (SEC), which proposed a $5.3 billion fine over the crash of TerraUSD and Luna coins in 2022.
The Supreme Court of Montenegro scrapped the extradition of Terraform Labs founder Do Kwon to his home country of Korea.
The extradition from of failed crypto mogul Do Kwon from Montenegro to Korea has been put on hold by the European country's top court as it reviews the procedures that led to the decision to send him home.
An appeals court in Montenegro confirmed a ruling on Wednesday to extradite the failed crypto mogul Do Kwon, co-founder of Terraform Labs, to Korea rather than the United States.
Korea JoongAng Daily Sitemap
