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The Breakdown

Do Kwon Will Face US Justice

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 8 December 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Do Kwon is reportedly to be extradited to the United States. Plus a roundup of this week's other important crypto news. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.3

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:18.3

What's going on, guys? It is Friday, December 8th, and today we are talking about Doquan coming back to the U.S.,

0:25.1

CZ, staying in the U.S., and so much more. Before we get into that, however, if you are enjoying

0:30.6

the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive

0:34.6

deeper into the conversation, come join us on the Breakers Discord.

0:38.0

You can find a link in the show notes or go to bit.ly slash breakdown pod.

0:41.6

Hello, friends. So as I said today, we are using this episode as a catch-up on lots of the

0:47.1

stories that we've been following, as well as a bunch of interesting small things that have

0:50.3

happened throughout the week. And first is a big one. According to reporting from

0:54.5

the Wall Street Journal, Montenegro's top justice official has said privately that he plans to

0:59.9

extradite Doquan, the disgraced founder of Terraform Labs, to the United States. The report cited

1:06.3

anonymous sources who said that the plans had been discussed in closed-door meetings. Now,

1:10.5

earlier this month,

1:11.5

a Montenegrin court found that both the U.S. and South Korea had satisfied legal requirements to

1:16.5

extradite Kwan, who faces criminal charges related to the collapse of the Luna ecosystem in each

1:21.4

jurisdiction. The final decision of destination was left up to the Justice Minister, who was set

1:26.3

to make a determination by December 15th.

1:28.9

Earlier this week, Kwan lodged a last-ditch appeal. He agreed to be extradited to South Korea,

1:33.7

but pushed back on plans of sending him to the U.S. to face justice. The appeal is currently

1:37.9

before the court and has the potential to slightly delay Kwan's extradition. Kwan has

1:42.1

appealed court decisions every step of the way over the past

...

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