Montenegro Says US, S.Korea Seek Extradition of Crypto Fugitive
Montenegro has announced that the US and South Korea are seeking the extradition of a crypto fugitive who is believed to have been involved in a major cryptocurrency scam.
The fugitive, whose identity has not been revealed, is said to have fled to Montenegro after allegedly defrauding investors in the US and South Korea of millions of dollars through a cryptocurrency scam.
Montenegro's Ministry of Justice has confirmed that it has received requests for extradition from both countries and is currently reviewing the requests.
The ministry has stated that it will only grant extradition if the fugitive's actions are considered a crime in Montenegro and if the request meets all legal requirements.
The case highlights the growing concern among governments around the world about the use of cryptocurrencies in illegal activities, such as fraud and money laundering.
Many countries are now taking steps to regulate the use of cryptocurrencies and to crack down on those who use them for illegal purposes.
It remains to be seen whether Montenegro will grant the extradition requests from the US and South Korea, but the case serves as a reminder that those who engage in illegal activities using cryptocurrencies will not be able to evade justice forever.
https://www.lifetechnology.com/blogs/life-technology-technology-news/montenegro-says-us-s-korea-seek-extradition-of-crypto-fugitive
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