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Terraform Labs founder Do Kwon beats extradition again

The extradition of Terraform Labs founder Do Kwon was revoked by the Appellate Court of Montenegro today after a successful appeal, sending him back to court where he will undergo a retrial. On December 29 last year, the Podgorica High Court ruled that the legal requirements were fulfilled to extradite Kwon so that he could be prosecuted by either South Korea or the United States. However, a translated press release shows that the appeals court has vetoed the High Court’s ruling due to “significant violations of the provisions of criminal procedure.” As a result, the court has “returned the case to the court for retrial and decision,” pointing out that “the wording of the decision is incomprehensible , the decision has no reason for decisive facts, and the reasons given are unclear.” Do Kwon asks US court to postpone SEC case amid extradition delays Read more: Do Kwon granted extradition, but to US or South Korea? Kwon successfully appealed his extradition on Decemb...

Lunc News: LUNA Is Not A Security, Declares S.Korean Court

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Also Read: Ex SEC Chief Warns Of More Crypto Lawsuits Ahead; Which Exchange Can Be Next? advertisement LUNA Classic To Be Treated Separately? As per reports, a South Korean District Court rejected the prosecution’s claims around the crypto LUNA. However, the court also dismissed the state’s appeal of confiscating Hyun-Seong Shin, Terraform Labs ’ former co-CEO. In the judgment, the court mentioned that it is difficult to see LUNA (now LUNC ) as a financial investment product that can be regulated by the Capital Markets Act. It is important to note that most of the previous South Korean court trials declared that cryptos were not examined as securities. However, the other courts used terms such as “there is a room for dispute in terms of the law”. Read More LUNC News Here… The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 ...