U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon
US and South Korea vie for the extradition of Do Kwon from Montenegro over the collapse of his TerraUSD stablecoin, with factors like severity of crime and previous cooperation playing a role. Extradition could take months or years, and investors in South Korea may prefer US prosecution.
- US and South Korea are both seeking to extradite Do Kwon from Montenegro over the collapse of his TerraUSD stablecoin.
- South Korea may have an advantage due to an extradition treaty, but previous Montenegrin cooperation with the US could also play a role.
- The decision on extradition will be based on factors like the severity and location of the crime.
- Extradition could take months or even years, and may not require a formal extradition treaty.
- Investors in South Korea have expressed a preference for US prosecution, which may have stronger charges.
U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon
Both countries are asking Montenegro to hand over the creator of the failed TerraUSD stablecoin to face criminal charges