The post Do Kwon Allegedly Made Crypto Transactions From Prison Amid Legal Controversy appeared first on Coinpedia Fintech News
Do Kwon, the founder of Terraform Labs allegedly used electronic devices, including a laptop and phone, to conduct cryptocurrency transactions from within his prison cell. While Kwon is detained in Spuž prison questions are mounting over how he may have handled his crypto assets even in detention.
Do Kwon Made Crypto Transactions From Prison
According to Montenegrin media reports, Do Kwon allegedly accessed his crypto wallets using a laptop and phone provided during his detention. This has raised concerns that authorities may have mishandled his detainment by allowing such access.
The allegations suggest that Kwon’s access to these devices was not fully restricted, giving him the ability to manage his crypto wallets even while in prison. This possibility raises serious questions about whether proper security measures were in place during his detention.
As the creator of the collapsed Terra ecosystem, Kwon is already facing multiple legal battles across several countries. Now, his potential involvement in cryptocurrency transactions while incarcerated adds even more controversy to his case.
Supreme Court to Rule on Kwon’s Extradition
Amid the controversy, the Supreme Court of Montenegro is expected to issue a ruling by the end of this month regarding potential legal violations in Kwon’s extradition case.
However, the local prosecutor has expressed concerns that earlier rulings by both the High Court and the Appellate Court regarding Kwon’s extradition may have violated Montenegrin law.
The ruling will determine if Kwon’s extradition process followed proper legal channels or if there were oversights in earlier decisions. If the courts find legal violations, this could further complicate the extradition of Do Kwon, who is wanted in several countries in connection to the Terra ecosystem collapse.