If you struggled with depression during the ‘crypto winter,’ you know who to blame – it was Do Kwon’s Luna and Terra USD collapse that triggered the multi-month bearish disaster, wiping out about 60% of crypto value.
Related: The Vacation in Montenegro Is Over: Ex-CFO Terraform Labs Extradited To South Korea
He has been the subject between the US and South Korea, as each jurisdiction has been waiting for him with a sweet punishment. In the end, it seems that South Korea, his homeland, is the winner, as Montenegro, the country that managed to arrest him after years of global hunting, is ready to extradite him to the Asian country.
Previously, a Montenegro High Court decided to hand Kwon to the US, but the local Court of Appeals has recently overturned that decision in favor of South Korea, to which the High Court ultimately agreed on March 7.
Luna Founder Likely Happy with the Outcome
Do Kwon is probably celebrating because the maximum sentence in his home country for financial crimes is 40 years. In the US, the term can extend to life in prison, and while I don’t know anything about South Korean prisons, being detained in the US is far from a fairytale, judging by the tons of movies that I watched on the topic. There is a good reason why even drug dealers from Latin America, whose prisons have harsh conditions, avoid US extradition.
Meanwhile, on March 7, South Korea’s National Police Agency sought help from Interpol to secure Do Kwon’s extradition from Montenegro. The agency stressed that South Korea had filed a request before the US did.
Kwon is now serving a four-month sentence in Montenegro for wandering with fake documents and is likely to be sent to South Korea at the end of this month. This is what Kwon’s Montenegrin attorney Goran Rodic told media referring to the latest Court of Appeals decision:
The decision agrees with the evidence in the case files. Kwon finishes serving his sentence on March 23 and will be extradited after that. That’s all I can say now.
Kwon’s Fellow Countrymen Wants Him to Be Investigated in US
However, Do Kwon is not welcome at home. A group of South Korean investors that suffered from the crash of Terra-Luna is advocating for him to be sent to the US and join Sam Bankman-Fried.
They said in a joint statement:
Even if [Kwon] is sentenced in the first trial in South Korea, where rules on punishing crypto crimes have not been established, it is highly likely that the punishment would be reduced significantly in appeals and [Kwon] would be released without proper punishment.
If Kwon ends up in South Korea, he may indeed get a light punishment, and this may not fair, especially considering his arrogance.
Related: Will Luna Classic (LUNC) Reach $1?
When the whole world was after him while he was hiding in the Balkans, Kwon mocked “cops all over the world” via Twitter. Prior to that, when Terra-Luna was still a thing but its model was criticized by economists who actually made sense, Kwon mocked them, saying, “I don’t debate the poor.”
So when you hear this, how can you not root for a ticket to the US?
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