Do Kwon, Controversial Co-Founder of Terra Blockchain (the moon), wanted by Interpol after an arrest warrant was issued by a South Korean court. According to the publications, he had violated the law on capital markets in the country.
Kwon’s arrest warrant comes four months after the collapse of the $40 billion Terra project.the moon) and yours stablecoin Algorithmic floor cabinets, which were the first to evaporate in this year’s crypto winter.
Some believe he is hiding in Taiwan given that, under pressure from China, the country is excluded from most international organizations in the world, including the United Nations, the World Health Organization, the International Civil Aviation Organization, and Interpol itself.
South Korea has extradition treaties with 31 countries around the world, but there are 195 members of Interpol. Even if Kwon is in a country that does not have a formal extradition treaty with South Korea, “a surrender may be made based on the assurance of reciprocity by the requesting country that it will accept extradition requests from Korea for identical or similar offenses.” Brief prepared by Korean lawyers on this topic and published by the consulting firm GIR Insight.
The latest installment in the Project Terra saga highlights not only the options Korean authorities may have to arrest, but also the challenges of delivery.
Watch: What happened to the Ethereum clone that sank 80% days after launch
Since the launch of the International Fugitive Collection and Prison Program (INFRA) in 2009, Interpol’s operations have led to the locating or arresting about 1,000 fugitives, according to the agency’s website, but international relations with law enforcement issues can be complex.
In a tweet posted last week, Kwon insisted he was not “running away”:
Dear Twitter, I’ll tell you what I’m doing and where I am if 1) We’re friends; 2) We have plans to meet up. 3) We play a Web3 game that uses GPS. Otherwise you don’t care what my coordinates are. I really don’t understand why the truth would be Otherwise – think about whether you would feel comfortable with the same level of privacy invasion.”
Despite Taiwan’s exclusion from Interpol, the authorities have shown great interest in international cooperation in judicial matters and mutual legal assistance by signing agreements with countries around the world. South Korea is not on the list, but it does have a “Court Material Exchange” agreement with Taiwan.
Domestically, the government has updated extradition laws to align with international practices. The law states that Taiwan can refuse extradition requests on limited grounds, including: “risks to Taiwan’s sovereignty, national security, public order, or international reputation.”
How far will cryptocurrency go? What is the best way to buy it? We have prepared a free class step by step. Click here to view and receive our InfoMoney crypto newsletter
Sign up and find out how to browse the Metaverse Boom and turn this technological development into excellent investment opportunities
“Hardcore beer fanatic. Falls down a lot. Professional coffee fan. Music ninja.”