Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»National Police Agency requests assistance from Interpol for repatriation of Do Kwon from Terra
ADOPTION NEWS

National Police Agency requests assistance from Interpol for repatriation of Do Kwon from Terra

By Crypto FlexsMarch 8, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
National Police Agency requests assistance from Interpol for repatriation of Do Kwon from Terra
Share
Facebook Twitter LinkedIn Pinterest Email

South Korea is seeking cooperation from Interpol and strengthening efforts to extradite Do Kwon-do, CEO of Terraform Labs, after a Montenegrin court rejected an extradition request from the United States.

The National Police Agency officially requested support from the International Criminal Police Organization (Interpol) to repatriate Do-do Kwon, CEO of Terraform Labs, to his home country. This development follows a Montenegrin court overturning its previous ruling on Kwon’s extradition to the United States, ruling that his request for early extradition would likely result in him being extradited to South Korea.

Montenegrin court ruling and Korea’s response

On March 7, 2024, the Montenegrin Court of Appeals overturned an earlier decision that would have allowed Kwon to be extradited to the United States and sent the case back to the primary court. This reversal was made based on the fact that South Korea’s extradition request schedule is only a few days ahead of the U.S. extradition request.

In response to these developments, South Korea’s law enforcement agencies have been proactive in strengthening their stance. The National Police Agency sent a letter to the Interpol Secretary-General through the Interpol Central Bureau urging the repatriation of Mr. Kwon to Korea.

Terra Luna Crisis

Dokwon is a central figure in the collapse of the Terra Luna cryptocurrency, which wiped out billions of dollars in market value overnight. This incident caused enormous damage to global investors, and is estimated to have resulted in losses exceeding 50 trillion won, including significant damage to approximately 200,000 domestic investors.

Mr. Kwon’s legal problems began when he fled to Singapore in April 2022, just before the value of cryptocurrency plummeted. He was later arrested in Montenegro in March 2023 on charges of using a fake passport. Kwon was subsequently detained in Montenegro, where his legal status became the subject of international controversy.

International extradition proceedings and their complexities

Extradition is a complex process that is often influenced by international relations, the seriousness of the alleged crime, and the legal framework of the countries involved. For Kwon, competing requests from South Korea and the United States made the process more complicated.

As South Korea strengthens its efforts to punish Kwon, the international community is closely monitoring the situation. This case not only serves as an important legal precedent for international crimes, but also serves as an important legal precedent for international crimes. cryptocurrency It also highlights the need for global cooperation in regulating and supervising the digital asset industry.

Looking into the future

The Korean government continues to coordinate efforts with the Ministry of Justice, Ministry of Foreign Affairs, and National Police Agency to secure Mr. Kwon’s extradition. The final decision now depends on the Montenegrin judiciary and Interpol’s follow-up on South Korea’s appeal.

This case highlights the growing need for an international legal framework that can effectively address the borderless nature of cryptocurrency-related crime. As the legal story unfolds, it also serves as a warning to the cryptocurrency industry as a whole, highlighting the potential scope for accountability and cross-border law enforcement.

conclusion

The Korean National Police Agency’s request for assistance from Interpol is an important development in the ongoing legal proceedings against Mr. Do Kwon. This reflects the country’s determination to hold individuals accountable for their actions in the cryptocurrency space and sets a precedent for future cases of a similar nature.

As countries grapple with the challenges of seeking justice across jurisdictions in an increasingly digital and decentralized financial environment, the legal consequences of this case could have far-reaching implications for the governance and regulation of the cryptocurrency industry.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025
Most Popular

Babylon Launches Phase 1 of Its Self-Custodial Bitcoin Staking Mainnet

August 22, 2024

Toncoin: What indicators tell us about TON’s April price prediction?

March 30, 2024

Bitcoin Target Price Rises to $78,000 After China Stimulus

September 24, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.