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Montenegro appeals courtroom confirms ‘cryptocurrency king’ will be extradited to South Korea

An appeals court in Montenegro on Wednesday confirmed that a South Korean mogul known as “the cryptocurrency king” will be handed over to his native country. Both South Korea and the U.S. had requested Do Kwon’s extradition from Montenegro. A Montenegrin court initially decided he should be handed over to the U.S. but that ruling…

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Montenegro appeals courtroom confirms ‘cryptocurrency king’ will be extradited to South Korea

An appeals courtroom in Montenegro on Wednesday confirmed that a South Korean rich particular person identified as “the cryptocurrency king” will be handed over to his native nation.

Both South Korea and the U.S. had requested Assemble Kwon’s extradition from Montenegro. A Montenegrin courtroom before the entire lot determined he wants to be handed over to the U.S. however that ruling modified into later overturned in prefer of South Korea.

The Appeals Court of Montenegro accredited an earlier ruling by the High Court to extradite Kwon to South Korea in preference to the US, a assertion acknowledged. He has no further avenues for allure.

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Kwon modified into charged in the U.S. with fraud by federal prosecutors in Novel York.

It modified into now now not straight clear when Kwon could be handed over. Kwon’s prison precise in Montenegro, Goran Rodic, acknowledged that “we’re explain material with the resolution of the Appeals Court.”

FILE – Montenegrin police officers escort South Korean citizen, Terraform Labs founder Assemble Kwon in Montenegro’s capital Podgorica, March 24, 2023. A courtroom in Montenegro has dominated that Assemble Kwon wants to be extradited to the US to face fraud costs in preference to to his native South Korea, a courtroom precise in the Balkan Country acknowledged Thursday Feb. 22, 2024. Assemble Kwon, 32, modified into arrested in relation to a three hundred and sixty five days ago in Montenegro on an global arrest warrant in connection with a $40 billion smash of Terraform Labs cryptocurrency, which devastated retail shoppers for the duration of the arena. (AP Photo/Risto Bozovic, File)

“It is now a binding resolution and the legislation envisages that further handover plan will be handled by the justice ministries of Montenegro and South Korea, as effectively as the relevant police authorities who will decide the time, station and prerequisites of the handover,” Rodic quick The Associated Press.

The 32-three hundred and sixty five days-outdated college Kwon modified into arrested in the Balkan nation last three hundred and sixty five days over a $40 billion smash of Terraform Labs’ cryptocurrency, which devastated retail shoppers for the duration of the arena.

Kwon and but one more South Korean were arrested while attempting to fade for Dubai, United Arab Emirates, the utilization of untrue Costa Rican passports. He has served a penal complex time period in Montenegro for the utilization of a untrue passport.

Kwon and 5 others connected to Terraform had been wanted on allegations of fraud and monetary crimes in relation to the implosion of its digital currencies in May per chance well well 2022.

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TerraUSD modified into designed as a “stablecoin,” a currency which is pegged to receive sources love the greenback to prevent drastic fluctuations in costs. Then all once more, round $40 billion in market label modified into erased for the holders of TerraUSD and its floating sister currency, Luna, after the stablecoin plunged a ways below its $1 peg.

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Perak floods: Shared concern for residents as properties destroyed

File picture of a flash flood in Perak, November 13, 2023. — Picture by Farhan Najib Join us on our WhatsApp Channel, follow us on Instagram, and receive browser alerts for the latest news you need to know. Saturday, 18 May 2024 6:05 PM MYT BUKIT GANTANG, MAY 18 — There were no words to…

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Perak floods: Shared concern for residents as properties destroyed

File characterize of a flash flood in Perak, November 13, 2023. — Report by Farhan Najib

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Saturday, 18 Would possibly possibly well also 2024 6: 05 PM MYT

BUKIT GANTANG, MAY 18 — There were no words to convey the feelings of a cosmetic and herbal product entrepreneur Alias Awang, 56, when his home drifted away in a flood incident in Kampung Jelutong, Changkat Ibol right here the day gone by.

Alias talked about his home, which he has been renting for a one year, situated alongside the predominant facet street from Jalan Kuala Kangsar to Taiping, map Sungai Bukit Gantang, used to be washed away by currents and leaving in the assist of handiest its roof.

“The incident took place at about 2.30am, nonetheless I was far from home on a industry marketing lope in Bandar Perda, Penang on Thursday,” he talked about when met on the positioning of his former home this day.

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“I was told relating to the incident by my brothers, sisters and villagers relating to the rising river water stage nonetheless I would possibly per chance no longer return right here on legend of the heavy rain amongst other issues.”

He talked about some villagers tried to enter their properties to set up their property nonetheless were stopped by the police attributable to security reasons.

He talked about he suffered the loss of furniture, electrical goods and cash, amounting to an estimated RM80,00, attributable to the floods

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In the interim, any other resident Syaidatul Roraniza Abdul Aziz, 35, shared in Alias’ concern as her home, situated 50 metres away, used to be destroyed, while three vehicles and eight bikes were submerged.

In the interim, Bukit Gantang member of parliament Datuk Syed Abu Hussin Hafiz Syed Abdul Fasal when met when he visited the victims talked about his facet used to be channeling prompt assist to the victims to ease their burden.

“We are going to offer you the selection to at the moment procure a Rumah Mesra Rakyat (RMR) unit for Alias on the fresh web site of the house he wished to procure in 2021 in inform for him to originate existence afresh.

“As for Syaidatul Roraniza, I will query my service centre to at the moment enact restore work to their work tools so that they are able to originate operating as soon as more,” he talked about.

He added that extra than 150 affected families in his role hang obtained prompt monetary aid amounting to RM500 every to fulfill their wants.

Two days ago, three districts particularly Taiping, Kuala Kangsar and Hulu Perak in Perak were hit by floods forcing extra than 500 victims to retract shelter in 10 reduction centres. — Bernama

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Floods in parts of northern Europe after heavy rains

Local residents clean up a flooded street the day after an episode of heavy rain in Dalhem, on May 18, 2024. — AFP pic Join us on our WhatsApp Channel, follow us on Instagram, and receive browser alerts for the latest news you need to know. Saturday, 18 May 2024 5:55 PM MYT FRANKFURT, Germany,…

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Floods in parts of northern Europe after heavy rains

Local residents neatly-organized up a flooded aspect highway the day after an episode of heavy rain in Dalhem, on Can also simply 18, 2024. — AFP pic

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Saturday, 18 Can also simply 2024 5: 55 PM MYT

FRANKFURT, Germany, Can also simply 18 — Heavy rains precipitated flooding in parts of Germany, Belgium and the Netherlands in a single day into on the present time, swamping streets and structures and sparking evacuations.

In the southwestern German bid of Saarland, streets have been deep underwater and pictures on social media showed emergency team carrying native residents to security in boats.

Remark capital Saarbruecken became laborious hit whereas German day-to-day Bild reported that a breach in a dyke within the city of Quierschied ended in a energy web instruct within the bid being shut down.

No deaths have been reported however on the very least one person became injured. German Chancellor Olaf Scholz is due to visit the bid afterward the present time.

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Saarland bid premier Anke Rehlinger described the disaster as “very disturbing” and warned there would possibly be also standard damage.

However the image had improved early Saturday with a excessive weather warning for the bid lifted and water ranges falling, acknowledged Saarbruecken mayor Uwe Conradt.

A entire lot of emergency service team have been quiet on the ground serving to with the neatly-organized-up.

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In 2021, the German areas of Rhineland-Palatinate and North Rhine-Westphalia have been hit by catastrophic floods that killed over 180 folks.

In Belgium, the province of Liege became hit by excessive flooding, with authorities receiving heaps of of requests for assistance and 150 firefighters deployed, governor Herve Jamar acknowledged.

The principle lend a hand supplied by emergency products and providers became pumping water out of flooded structures, he acknowledged.

Over the border within the Dutch province of Limburg, two campsites have been evacuated early Saturday as they have been threatened by rising floodwaters, officials acknowledged.

Meanwhile the Moselle bid in France’s northeast became placed on flood alert as water ranges rose in rivers following heavy rains. — AFP

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Unpaid carers being pressured to repay £250m to DWP in allowance overpayments

Unpaid carers must repay more than £250 million after many were unknowingly overpaid their allowance, new figures show. The government is seeking to recover money from more than 134,000 carers. Carer’s Allowance must be repaid in full if a strict earnings limit is exceeded by even a few pence. The Department for Work and Pensions…

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Unpaid carers being pressured to repay £250m to DWP in allowance overpayments

Unpaid carers must repay higher than £250 million after many had been unknowingly overpaid their allowance, unique figures account for.

The authorities is seeking to enhance cash from higher than 134,000 carers.

Carer’s Allowance must calm be repaid in elephantine if a strict earnings restrict is exceeded by even a pair of pence.

The Department for Work and Pensions (DWP) talked about it was “progressing an enhanced notification technique” to alert carers to overpayments.

Wren Seaward, a elephantine-time carer for her husband John who depends on a wheelchair attributable to severe osteoarthritis, must pay wait on £245 a month after unwittingly receiving £5,000 in overpayments.

This has introduced a “in actuality in depth financial stress” and “makes most of the things we may perchance perchance perchance attain within the house to originate John’s lifestyles less complicated…very sophisticated to safe staunch of entry to”, she knowledgeable the BBC.

The couple admit lacking DWP letters reminding them to document any adjustments in cases, nonetheless direct they became overwhelmed with correspondence following the loss of life of their daughter in a automobile smash.

Unpaid carers who provide like somebody for higher than 35 hours every week are entitled to receive the Carer’s Allowance.

Nonetheless they are most productive eligible within the occasion that they construct lower than £151 per week after tax. If right here is exceeded following a trade in cases – comparable to working time beyond law or a modest pay upward push – they are now not any longer eligible and wish to repay any allowance obtained in elephantine.

Essentially the most up-to-date figures account for higher than twice as many ladies are in debt attributable to overpayments, roughly per the proportion that receive Carer’s Allowance.

The DWP has previously talked about that “claimants comprise a accountability to portray DWP of any adjustments in their cases that can perchance perchance impact their award, and it’s far real that we enhance taxpayers’ cash when this has no longer befell”.

However carers comprise knowledgeable the BBC they had been unaware they had exceeded the brink unless being knowledgeable years later, by which length the sums had ride into the thousands.

In 2019, a document by the Work and Pensions Committee, external warned carers may perchance perchance perchance be “intently penalised for making staunch errors”, as errors in claims weren’t being noticed fleet ample by the DWP attributable to “complications with its programs” and “workers shortages”.

At the time, the authorities talked about it believed it was “properly on the formulation” to fixing those complications and limiting overpayments.

On Thursday, the Work and Pensions Committee warned there has “no longer been development” in limiting the impact of the complications raised five years within the past, and called on the DWP to “enhance urgently” how it shows and communicates allowance overpayments.

Labour MP Sir Stephen Timms, who chairs the committee, talked about the authorities “has identified for years” in regards to the flaws, nonetheless had “appropriate allowed many unpaid carers to unwittingly rack up unmanageable stages of debt”.

“The DWP must now bound with out lengthen to safe a grip of the topic and be sure carers don’t look like any longer subjected to the injure that such overpayments can location off,” he talked about.

Last month two extinct DWP ministers – Conservative MP Sir Iain Duncan Smith and the Liberal Democrat pensions minister for the length of the coalition authorities, Sir Steve Webb – called on the authorities to total its demands for repayments of big sums of cash.

A document by the Department for Work and Pensions (DWP) printed last week talked about, of upper than 1,000 carers surveyed, 3% had to originate repayments after adjustments in cases supposed that they obtained the assist in error.

Emily Holzhausen from Carers UK, talked about carers are as soon as in a whereas “timid and anxious” when they discover they’ve been overpaid.

“Or no longer it’s devastating for his or her psychological health, and feels in actuality no longer easy paying that wait on”, she talked about.

Gina Stamp, from Carmarthenshire in south-west Wales, cared for her dad whereas working phase-time at a petroleum put. She talked about she would as soon as in a whereas comply with work an additional shift, nonetheless would attain fewer assorted weeks. This vogue, she believed she would live below the earnings threshold to qualify for the assist.

She now owes the DWP around £7,000 in overpayments, and talked about the debt was a “colossal blow”.

It’s “a fats debt by anybody’s standards”, let on my own somebody working phase time, she added.

Liberal Democrat leader Sir Ed Davey, a carer himself, has called for these cash owed to be cancelled.

“Or no longer it’s appropriate implausible” that carers are being pressured to repay as a results of the “authorities’s dangle incompetence”, he knowledgeable the BBC.

“Folk work onerous, they pay their taxes, they peer after their cherished ones, the authorities needs to be incentivising work,” he talked about.

The Department for Work and Pensions talked about the general amount of Carer’s Allowance overpayments “entails historical cash owed which the department is seeking to enhance”.

“In comparability, Carer’s Allowance expenditure is forecast to be £4.2 billion this twelve months on my own,” it talked about.

“Carers in the end of the UK are unsung heroes who originate a colossal distinction to somebody else’s lifestyles, and now we comprise elevated Carer’s Allowance by nearly £1,500 since 2010,” the department added.

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