After Do Kwon won an extradition appeal in a court in Montenegro, South Korea is now coming into the picture. The co-founder of Terraform Labs previously won the case regarding his extradition to the United States, when the American request was rejected.

Now South Korea is joining the scene. They prepare for Do Kwon’s extradition to the country.

The National Police Corps is working with Interpol to extradite the former leader of LUNA and TerraUSD to South Korea. The Asian country’s National Police Bureau shares that they have submitted a request to the Interpol Secretariat. The question is whether it can get support from it Interpol National Central Secretariat of the Republic of Korea.

Officer Lee Yong-sang says:

“The Ministry of Justice’s International Criminal Division and the National Police are working together to repatriate Mr. Kwon through the International Criminal Cooperation Channel and Interpol’s International Cooperation Line respectively.”

The LUNA token is not a security in South Korea. The Southern District Court in Seoul has ruled that tokens are not securities under the Capital Markets Act. This in turn has consequences for the severity of the penalties (and possibly prison sentences) that follow any extradition.

However, a judge in the American stock market watchdog, the Securities and Exchange Commission (SEC), ruled that LUNA is a security in the US.

The Court of Appeal of Montenegro meanwhile accepted Do Kwon’s appeal. In the meantime, the US District Court for the Southern District of New York has already asked Kwon to come to the US again. An agreement has been reached to postpone the court trial on March 25.

Han Chang-joon, the former chief financial officer of Terraform Labs, has been extradited to South Korea after serving a prison sentence in Montenegro.


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