ChainCatcher news, according to the Montenegrin daily Vijesti, the Supreme Court panel of Montenegro will decide by this weekend whether to postpone the extradition of Terraform Labs co-founder Do Kwon to South Korea. The Office of the National Prosecutor of Montenegro has requested the Supreme Court to review the legality of the ruling made by the Montenegrin Court of Appeals and proposed to delay the execution of that ruling. The prosecutor's office believes that the ruling of the Court of Appeals violates the Law on International Legal Assistance in Criminal Matters.Previous news, according to Bloomberg, the Montenegrin Court of Appeals upheld the ruling that Terraform Labs Pte. co-founder Do Kwon should be sent back to his home country of South Korea, thereby rejecting the suggestion to extradite him to the United States.

ChainCatcher news, according to News1, the Southern District Prosecutors' Office in Seoul, South Korea, stated that it has arrested and prosecuted 4 individuals for fraud, including the actual operator and CEO of the QUEENBEE (QBZ) project.The team had no intention of launching the QBZ token business from the beginning, but instead obtained approximately 15.1 billion won (about 10.88 million USD) from around 4,000 victims through false listings and market manipulation. Subsequently, in March and April 2021, they sold all remaining tokens at a high price to a professional scam token handler, profiting another 15 billion won.

ChainCatcher news, the Cyber Crime Investigation Division of the Eastern District Prosecutor's Office in Seoul, South Korea, stated that it has recovered a deleted electronic wallet belonging to a defendant in a fraud case and seized Ethereum worth 7.6 billion won (approximately 5.6 million USD).The prosecution claims that a programmer, Mr. A, is accused of defrauding 156 victims between January and February 2019, claiming that the tokens he developed were about to be listed on exchanges, thereby stealing 14.6 billion won (approximately 14.6 million USD) in investment funds from the 156 victims. In June of the same year, Mr. A was also accused of transferring 1,796 Ethereum to his personal crypto wallet, which was purchased by the gaming platform company he worked for to operate a cryptocurrency exchange.

ChainCatcher news, the Brazilian Federal Public Prosecutor's Office and the Federal Police have launched an investigation into Binance for alleged financial crimes. The investigation was initiated after a report from the market regulator, the Brazilian Securities Commission (CVM). It was reported that the CVM informed the São Paulo State Attorney General that the exchange might continue to offer cryptocurrency derivatives to Brazilian customers, even though the state had issued a cease-and-desist order.Binance stated that it would not comment on the ongoing investigation and reiterated that it does not offer derivatives in Brazil, that its operations comply with local regulations, and that it maintains a long-term dialogue with authorities to promote the development of Brazil and the Brazilian cryptocurrency and blockchain sector. (Source link)

ChainCatcher news, a relevant person from the Southern District Prosecutors' Office in Seoul, South Korea, refuted the claim made by the Montenegrin Ministry of Justice that "the U.S. extradition request for Terraform Labs CEO Do Kwon was made before South Korea." The person stated, "Our Ministry of Justice submitted a request for the extradition of the criminal to Montenegro on March 24, while the U.S. made its request on the 25th. The day after Do Kwon was arrested on March 23, the Ministry submitted the extradition request via email and international courier." He also mentioned that the final extraditing country will be determined by the Montenegrin court, and it cannot be said which country would benefit. (source link)

ChainCatcher news, Bulgaria's Chief Prosecutor spokesperson Siika Mileva denied the political motives behind the investigation of the crypto lending platform Nexo, stating that "investigating these institutions has become a nationwide campaign." The case involves so-called "modern cybercrime," and the investigation has been ongoing for several months in collaboration with international partners. Additionally, she revealed that an independent international auditor will examine Nexo's activities.It is reported that on January 12, Bulgarian police raided Nexo's offices and stated they would coordinate with their counterparts in the United States and the United Kingdom regarding the investigation of Nexo's alleged money laundering and tax crimes. Four Nexo personnel have been charged with money laundering, tax crimes, computer fraud, and unlicensed banking. Two were released on bail of nearly $550,000. The other two remain unaccounted for in Bulgaria and have been declared international fugitives. (cointelegraph)

ChainCatcher News: The U.S. Attorney's Office for the Southern District of New York has provided information about the rights of victims in the fraud case against SBF on its website and invited them to cooperate with authorities. Potential victims can contact the U.S. Attorney's Office's Victim/Witness Coordinator via email to assist in verifying whether they are victims in this case. (Source link)