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Montenegro’s Ex-Justice Minister Accuses Corruption in Do Kwon’s Extradition Process
In a shocking turn of events, former Justice Minister Andrej Milović has accused corruption in the extradition process of Do Kwon, the co-founder and former CEO of Terraform Labs. The move comes after Montenegro’s government signed an order to extradite Do Kwon to the United States.
Milović’s allegations have sparked controversy around the extradition proceedings, with many calling for transparency and accountability. As a former Justice Minister, Milović has intimate knowledge of the judicial system in Montenegro and his accusations carry significant weight.
The news comes just days after CryptoSlate reported that Terraform Labs had secured court approval to wind-down its operations following a settlement with the US Securities and Exchange Commission (SEC).
Do Kwon’s extradition has been mired in controversy since the beginning, with many questioning the legal grounds for the move. The former CEO of Terraform Labs is accused of manipulating the TerraUSD stablecoin’s peg, leading to a catastrophic collapse that wiped out over $40 billion in investor wealth.
The allegations have far-reaching implications, not just for Kwon but also for the broader crypto community. The controversy has put Montenegro’s government under intense scrutiny, with many calling for an independent investigation into the matter.
In related news, TerraClassicUSD (USTC) and Terra LUNA (LUNA) prices have both plummeted in recent days, as investors re-evaluate their exposure to the embattled blockchain project.
Source: cryptoslate.com
