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Do Kwon will be extradited to the US.
The news of Do Kwon's extradition was received negatively in the market. There were decreases in the prices of LUNC, USTC and LUNA.
When we look at the comments made on social media, we see that the number of people expecting Do Kwon to be sentenced to prison is very high.
There are also those who expect Do Kwon to be released. We are in this group.
▪️There was an ongoing case between TFL and SEC. Do Kwon was asked to defend himself in this case, but since he was detained in Montenegro, he conducted the proceedings through his lawyers.
▪️As a result of this case, Do Kwon was given a compensation penalty. We do not see any possibility of him receiving an additional sentence while these decisions are out there.
It is necessary not to confuse case #FTX with case #Terra , but we see the exact opposite in the comments made on social media.
Time will tell what will happen...
#DoKwon #TerraClassic #Terra $LUNC $USTC $LUNA
The news of Do Kwon's extradition was received negatively in the market. There were decreases in the prices of LUNC, USTC and LUNA.
When we look at the comments made on social media, we see that the number of people expecting Do Kwon to be sentenced to prison is very high.
There are also those who expect Do Kwon to be released. We are in this group.
▪️There was an ongoing case between TFL and SEC. Do Kwon was asked to defend himself in this case, but since he was detained in Montenegro, he conducted the proceedings through his lawyers.
▪️As a result of this case, Do Kwon was given a compensation penalty. We do not see any possibility of him receiving an additional sentence while these decisions are out there.
It is necessary not to confuse case #FTX with case #Terra , but we see the exact opposite in the comments made on social media.
Time will tell what will happen...
#DoKwon #TerraClassic #Terra $LUNC $USTC $LUNA
Châu Anh Quân:
Is it good or bad to bring it back to America admin
Montenegro's Justice Minister signs order to extradite #DoKwon to the US.
Minister Bojan Bozokiv signed the verdict on December 27, ending the lingering decision. Notably, the US and South Korea keenly contested the extradition of the embattled Terra boss, seeking to prosecute him for his alleged involvement in the notorious 2022 Terra implosion.
For context, the Terra ecosystem tumbled in 2022, wiping out billions of dollars from the cryptocurrency market. Its native token, LUNA, crashed from over $100 to almost nothing after the algorithmic stablecoin TerraUSD depegged from the dollar valuation.
Following the over $40 billion crypto wipeout, Do Kwon took to his heels, escaping to Serbia before moving into Montenegro. In March 2023, the Montenegro police force arrested his partner, Han Cheng Jun, in Podgorica airport. They attempted to flee the country to Dubai.
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#luna #TerraLabs #terraClassicLunc #LUNC
Minister Bojan Bozokiv signed the verdict on December 27, ending the lingering decision. Notably, the US and South Korea keenly contested the extradition of the embattled Terra boss, seeking to prosecute him for his alleged involvement in the notorious 2022 Terra implosion.
For context, the Terra ecosystem tumbled in 2022, wiping out billions of dollars from the cryptocurrency market. Its native token, LUNA, crashed from over $100 to almost nothing after the algorithmic stablecoin TerraUSD depegged from the dollar valuation.
Following the over $40 billion crypto wipeout, Do Kwon took to his heels, escaping to Serbia before moving into Montenegro. In March 2023, the Montenegro police force arrested his partner, Han Cheng Jun, in Podgorica airport. They attempted to flee the country to Dubai.
FOLLOW ME FOR MORE CRYPTO NEWS AND INFO
Other Posts:
Halvin: The Meme Coin Celebrating the merge of Bitcoin's Halving and Alvin and the chipmunks with AI
#luna #TerraLabs #terraClassicLunc #LUNC
BRC20布道者:
SBF's situation is different from DK's. DK is the victim, and TERRA's fine is the end of the matter. However, DK cannot get past the Korean hurdle.
US Will Extradite Do Kwon
Montenegro's Minister of Justice, Bojan Božović, has ordered the extradition of Terraform Labs co-founder Do Kwon to the United States, ending a lengthy legal process. The Montenegrin daily Vijesti reported the decision on Friday, ending months of legal battles between the US and Korea to put the controversial entrepreneur to trial.
The Supreme Court of Montenegro had previously ruled that Do Kwon's extradition was legitimate after receiving petitions from the Republic of Korea and the US. The verdict allowed Minister Božović to assess the circumstances and determine the prevailing jurisdiction.
The Department of Justice told Vijesti that it had considered all the facts and circumstances and assessed criteria such as the gravity of the crimes, the place of commission, the order in which the request was submitted, the nationality of the requested person, the possibility of further extradition to another country, and other factors in light of the Supreme Court's ruling.
Given the above, it was concluded that most of the criteria provided for by law support the extradition request of the competent authorities of the United States of America, and the Minister of Justice has issued a decision allowing Kwon Do Hyeong's extradition to the US while refusing to the Republic of Korea.
Do Kwon was investigated by US and South Korean authorities for his participation in a major crypto failure. TerraUSD and Luna, Kwon's coins, plummeted in May 2022.
Investigators believe Do Kwon deceived investors and hid TerraUSD/Luna crash-related money. Last March 23, police arrested crypto entrepreneur Han Chang-joon and Terraform Labs' former finance officer at Podgorica airport for traveling to Dubai with false passports. After Do Kwon got a four-month term in Montenegro, US and South Korean authorities increased extradition petitions.
On March 23, Montenegrin officials sent Do Kwon to an immigration inspector after his release from Spuž Prison.
#DoKwon #CryptoRegulation2025 #BTCXmasOrDip? #XmasCryptoMiracles $LUNA $LUNC $USTC
Montenegro's Minister of Justice, Bojan Božović, has ordered the extradition of Terraform Labs co-founder Do Kwon to the United States, ending a lengthy legal process. The Montenegrin daily Vijesti reported the decision on Friday, ending months of legal battles between the US and Korea to put the controversial entrepreneur to trial.
The Supreme Court of Montenegro had previously ruled that Do Kwon's extradition was legitimate after receiving petitions from the Republic of Korea and the US. The verdict allowed Minister Božović to assess the circumstances and determine the prevailing jurisdiction.
The Department of Justice told Vijesti that it had considered all the facts and circumstances and assessed criteria such as the gravity of the crimes, the place of commission, the order in which the request was submitted, the nationality of the requested person, the possibility of further extradition to another country, and other factors in light of the Supreme Court's ruling.
Given the above, it was concluded that most of the criteria provided for by law support the extradition request of the competent authorities of the United States of America, and the Minister of Justice has issued a decision allowing Kwon Do Hyeong's extradition to the US while refusing to the Republic of Korea.
Do Kwon was investigated by US and South Korean authorities for his participation in a major crypto failure. TerraUSD and Luna, Kwon's coins, plummeted in May 2022.
Investigators believe Do Kwon deceived investors and hid TerraUSD/Luna crash-related money. Last March 23, police arrested crypto entrepreneur Han Chang-joon and Terraform Labs' former finance officer at Podgorica airport for traveling to Dubai with false passports. After Do Kwon got a four-month term in Montenegro, US and South Korean authorities increased extradition petitions.
On March 23, Montenegrin officials sent Do Kwon to an immigration inspector after his release from Spuž Prison.
#DoKwon #CryptoRegulation2025 #BTCXmasOrDip? #XmasCryptoMiracles $LUNA $LUNC $USTC
Dardi777:
Good
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Do Kwon is on his way to the US... 🛫
The legal proceedings in the US have been completed and Do Kwon was sentenced to compensation.
▪️We do not think there will be an additional criminal case. Do Kwon served his sentence somehow and stayed in Montenegro for a long time.
We think that a possible criminal case will end with compensation payment.
No one was convicted of the LUNA and UST collapses. They did not put anyone in jail. Do Kwon cannot be the only one at fault. In addition to all this, we do not think Do Kwon will receive a prison sentence in an America where Trump is president.
He will be released...
#LUNC #USTC #LUNA #DoKwon $LUNC $LUNA
The legal proceedings in the US have been completed and Do Kwon was sentenced to compensation.
▪️We do not think there will be an additional criminal case. Do Kwon served his sentence somehow and stayed in Montenegro for a long time.
We think that a possible criminal case will end with compensation payment.
No one was convicted of the LUNA and UST collapses. They did not put anyone in jail. Do Kwon cannot be the only one at fault. In addition to all this, we do not think Do Kwon will receive a prison sentence in an America where Trump is president.
He will be released...
#LUNC #USTC #LUNA #DoKwon $LUNC $LUNA
nft art galeria:
What makes you think he won't be jailed? The example of Sam Bankman, or CZ, says otherwise.
In my personal opinion, he should rot in jail.
See original
🚨BREAKING: Montenegro approves extradition of Terraform Labs co-founder Do Kwon to the US 🇺🇸 instead of South Korea 🇰🇷
• According to Odaily, Montenegro's Justice Minister Bojan Božović has signed a decision to extradite Do Kwon to the US. This development comes after the rejection of a constitutional appeal filed by Do Kwon, the founder of Terraform Labs, in Montenegro.
• The appeal argued that there was unfairness in the extradition process and errors in legal interpretation. However, the Constitutional Court did not fully accept these arguments, leading to the continuation of the extradition proceedings.
🔥 Do Kwon's extradition to the US instead of South Korea will lead to controversy and tension in relations as both countries accuse Kwon of his actions and want to recover assets to their countries. It is known that in Korea, thousands of people invested in $LUNA and lost hundreds of millions of USD.
#DoKwon #LUNAUpdate #TerraLabs #TerraLabs
• According to Odaily, Montenegro's Justice Minister Bojan Božović has signed a decision to extradite Do Kwon to the US. This development comes after the rejection of a constitutional appeal filed by Do Kwon, the founder of Terraform Labs, in Montenegro.
• The appeal argued that there was unfairness in the extradition process and errors in legal interpretation. However, the Constitutional Court did not fully accept these arguments, leading to the continuation of the extradition proceedings.
🔥 Do Kwon's extradition to the US instead of South Korea will lead to controversy and tension in relations as both countries accuse Kwon of his actions and want to recover assets to their countries. It is known that in Korea, thousands of people invested in $LUNA and lost hundreds of millions of USD.
#DoKwon #LUNAUpdate #TerraLabs #TerraLabs
Thích Đu Đỉnh ok:
kiếm ăn dc thì kêu ng ta là anh hùng . thua lỗ rồi lại cho nó là tội đồ
🚨Just-In: After a much controversy, the extradition of Do Kwon, the Terraform Labs co-founder to the United States has been confirmed
#DoKwon #Terraform #CryptoNews
#DoKwon #Terraform #CryptoNews
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Today is the Day of the Innocent 28-12. Take everything you read with a grain of salt.
You may have many disappointments and they may just be jokes. The Day of the Innocents is commemorated on December 28th each year. Although the date is currently used as a day for pranks, its origins come from a tragic story in Catholicism. It is the Day of the Holy Innocents, a Christian holiday founded in the 4th century, which pays homage to young martyrs who were victims of King Herod.
During the Middle Ages, this celebration was combined with a pagan festival known as the Feast of Fools. It was a day originating from France, in preparation for the last carnival of each year. Thus, December 28th was designated as the Day of the Innocents. Over the years, its tragic origin was set aside and it became a day dedicated to jokes.
So everything you hear and read today, take it with a grain of salt.
#DoKwon $LUNA $LUNC $BTC
You may have many disappointments and they may just be jokes. The Day of the Innocents is commemorated on December 28th each year. Although the date is currently used as a day for pranks, its origins come from a tragic story in Catholicism. It is the Day of the Holy Innocents, a Christian holiday founded in the 4th century, which pays homage to young martyrs who were victims of King Herod.
During the Middle Ages, this celebration was combined with a pagan festival known as the Feast of Fools. It was a day originating from France, in preparation for the last carnival of each year. Thus, December 28th was designated as the Day of the Innocents. Over the years, its tragic origin was set aside and it became a day dedicated to jokes.
So everything you hear and read today, take it with a grain of salt.
#DoKwon $LUNA $LUNC $BTC
✈️ Steady lads, deploying...to the U.S.
Montenegro's Justice Minister has approved the extradition of Do Kwon to the U.S.
The #TerraformLabs founder will face charges over the $40B crypto collapse.
#DoKwon
Montenegro's Justice Minister has approved the extradition of Do Kwon to the U.S.
The #TerraformLabs founder will face charges over the $40B crypto collapse.
#DoKwon
Feed-Creator-2169aff6e:
So what do you think will be the result?
Montenegro's court rejected Do Kwon’s appeal against extradition, moving him closer to facing charges in the U.S. for the $40B collapse of Terraform Labs.
This could set a big precedent for crypto crime enforcement across borders.
🛑💥#DoKwon #CryptoJustice #Extradition
This could set a big precedent for crypto crime enforcement across borders.
🛑💥#DoKwon #CryptoJustice #Extradition
CriptoMaricaRJ021:
Hopefully he doesn't find any big investors in jail, or he'll get a one-way ticket to a meeting with the creator of the universe!😂😂
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🚨 Montenegro Court Rejects Do Kwon's Extradition Appeal
Recently, the Constitutional Court of Montenegro rejected the appeal filed by South Korean cryptocurrency tycoon and Terraform Labs co-founder Do Kwon, upholding an earlier extradition ruling. This also means he may soon be extradited back to South Korea or the United States, facing related charges of financial crimes.
Do Kwon was a central figure in the collapse of the TerraUSD (UST) stablecoin and its sister token Luna, an incident that caused losses of up to $40 billion across the financial markets. In light of this situation, both the United States and South Korea are seeking to extradite Do Kwon and accuse him of fraud and market manipulation.
Since the collapse of TerraUSD and Luna last year, Do Kwon has been like an international fugitive, traveling through Singapore, the UAE, Serbia, and ultimately being arrested in Montenegro for attempting to travel with a fake passport.
The latest ruling from the Montenegro court leaves Do Kwon with increasingly few legal options. Analysts predict he is likely to be sent to the United States to face charges related to the collapse of Terra-Luna.
Additionally, in June 2024, the U.S. Securities and Exchange Commission (SEC) imposed a hefty civil penalty of $4.47 billion on Do Kwon and Terraform Labs, which includes a significant fine against Kwon personally and prohibits him from engaging in any cryptocurrency transactions, making Kwon's legal situation increasingly dire.
Although the ruling has been made, Do Kwon's legal team is still vigorously opposing the extradition, especially to the United States, given that the charges there are more severe. Meanwhile, South Korea is also urging a swift resolution to this issue, as it fears that delays in the extradition process may infringe on the human rights of its citizens.
In summary, whether Do Kwon will be extradited and the direction of his fate will depend on the final decision of the Montenegro Minister of Justice regarding his next legal steps.
🗣 Conclusion:
There is no doubt that if Do Kwon is extradited to the United States, he will face charges and trials that are more severe than those from the South Korean judicial system.
This also serves as a reminder to all parties in the industry to take legal compliance seriously to avoid falling into similar predicaments.
💬 What do you think about the implications of this event? Where do you think Do Kwon will ultimately be extradited? See you in the comments!
#DoKwon #TerraLuna #加密货币
Recently, the Constitutional Court of Montenegro rejected the appeal filed by South Korean cryptocurrency tycoon and Terraform Labs co-founder Do Kwon, upholding an earlier extradition ruling. This also means he may soon be extradited back to South Korea or the United States, facing related charges of financial crimes.
Do Kwon was a central figure in the collapse of the TerraUSD (UST) stablecoin and its sister token Luna, an incident that caused losses of up to $40 billion across the financial markets. In light of this situation, both the United States and South Korea are seeking to extradite Do Kwon and accuse him of fraud and market manipulation.
Since the collapse of TerraUSD and Luna last year, Do Kwon has been like an international fugitive, traveling through Singapore, the UAE, Serbia, and ultimately being arrested in Montenegro for attempting to travel with a fake passport.
The latest ruling from the Montenegro court leaves Do Kwon with increasingly few legal options. Analysts predict he is likely to be sent to the United States to face charges related to the collapse of Terra-Luna.
Additionally, in June 2024, the U.S. Securities and Exchange Commission (SEC) imposed a hefty civil penalty of $4.47 billion on Do Kwon and Terraform Labs, which includes a significant fine against Kwon personally and prohibits him from engaging in any cryptocurrency transactions, making Kwon's legal situation increasingly dire.
Although the ruling has been made, Do Kwon's legal team is still vigorously opposing the extradition, especially to the United States, given that the charges there are more severe. Meanwhile, South Korea is also urging a swift resolution to this issue, as it fears that delays in the extradition process may infringe on the human rights of its citizens.
In summary, whether Do Kwon will be extradited and the direction of his fate will depend on the final decision of the Montenegro Minister of Justice regarding his next legal steps.
🗣 Conclusion:
There is no doubt that if Do Kwon is extradited to the United States, he will face charges and trials that are more severe than those from the South Korean judicial system.
This also serves as a reminder to all parties in the industry to take legal compliance seriously to avoid falling into similar predicaments.
💬 What do you think about the implications of this event? Where do you think Do Kwon will ultimately be extradited? See you in the comments!
#DoKwon #TerraLuna #加密货币
督公:
只是一个台面上的傀儡
Montenegro Court Rejects Terra Founder Do Kwon's Extradition Appeal
In a significant legal development, Montenegro’s Constitutional Court has unanimously rejected the appeal of Do Kwon, co-founder of Terraform Labs, to block his extradition. This decision now places the responsibility for Kwon’s fate in the hands of Montenegro's Minister of Justice, Bojan Božović, who must decide whether he will be extradited to the United States or South Korea. Both nations are pursuing Kwon on serious fraud charges stemming from the collapse of the Terra-Luna cryptocurrency ecosystem in 2022.
The Arrest and Charges
🚨 Do Kwon was arrested on March 23, 2023, at Podgorica Airport in Montenegro while attempting to board a flight using falsified documents. This came after months of international manhunts led by Interpol following the $40 billion collapse of the Terra ecosystem, which caused widespread financial losses across the cryptocurrency sector.
The charges against Kwon are far-reaching:
The United States accuses him of orchestrating securities fraud and deceiving investors.
South Korea alleges violations of capital markets law.
Kwon’s arrest marked a turning point in the global effort to crack down on fraudulent activities in the crypto world.
Terraform Labs’ Collapse
💸 Terraform Labs, the company Kwon co-founded, has been under scrutiny since its $40 billion implosion in May 2022. The failure of its algorithmic stablecoin UST and cryptocurrency LUNA set off a chain reaction of financial instability, triggering a bear market that many refer to as “crypto winter.”
In June 2024, Terraform Labs reached a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC). This included fines for misleading investors and mishandling customer funds.
What Happens Next?
📜 The Constitutional Court's rejection of Kwon’s appeal clears the way for Justice Minister Božović to make a crucial decision on which country will secure extradition rights. Both the U.S. and South Korea have made compelling cases:
The U.S. seeks to prosecute Kwon for violating securities laws and defrauding American investors.
South Korea, his home country, argues it has jurisdiction over the case, as many of the affected investors were South Korean.
Kwon’s legal troubles don’t end here. His use of falsified documents in Montenegro has also led to additional charges locally, further complicating his legal battle.
Global Implications for Crypto Regulation
🌍 The case against Do Kwon has become a high-profile example of the risks associated with the unregulated growth of the cryptocurrency sector. It underscores the importance of international cooperation in prosecuting financial crimes and protecting investors.
As the world waits for Justice Minister Božović’s decision, the spotlight remains on Montenegro—a country now playing a pivotal role in determining how global jurisdictions handle crypto-related crimes.
This development is a stark reminder for the crypto community that regulatory scrutiny is intensifying, and
accountability is becoming unavoidable.
#BinanceAlphaAlert #Crypto2025Trends #DoKwon
The Arrest and Charges
🚨 Do Kwon was arrested on March 23, 2023, at Podgorica Airport in Montenegro while attempting to board a flight using falsified documents. This came after months of international manhunts led by Interpol following the $40 billion collapse of the Terra ecosystem, which caused widespread financial losses across the cryptocurrency sector.
The charges against Kwon are far-reaching:
The United States accuses him of orchestrating securities fraud and deceiving investors.
South Korea alleges violations of capital markets law.
Kwon’s arrest marked a turning point in the global effort to crack down on fraudulent activities in the crypto world.
Terraform Labs’ Collapse
💸 Terraform Labs, the company Kwon co-founded, has been under scrutiny since its $40 billion implosion in May 2022. The failure of its algorithmic stablecoin UST and cryptocurrency LUNA set off a chain reaction of financial instability, triggering a bear market that many refer to as “crypto winter.”
In June 2024, Terraform Labs reached a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC). This included fines for misleading investors and mishandling customer funds.
What Happens Next?
📜 The Constitutional Court's rejection of Kwon’s appeal clears the way for Justice Minister Božović to make a crucial decision on which country will secure extradition rights. Both the U.S. and South Korea have made compelling cases:
The U.S. seeks to prosecute Kwon for violating securities laws and defrauding American investors.
South Korea, his home country, argues it has jurisdiction over the case, as many of the affected investors were South Korean.
Kwon’s legal troubles don’t end here. His use of falsified documents in Montenegro has also led to additional charges locally, further complicating his legal battle.
Global Implications for Crypto Regulation
🌍 The case against Do Kwon has become a high-profile example of the risks associated with the unregulated growth of the cryptocurrency sector. It underscores the importance of international cooperation in prosecuting financial crimes and protecting investors.
As the world waits for Justice Minister Božović’s decision, the spotlight remains on Montenegro—a country now playing a pivotal role in determining how global jurisdictions handle crypto-related crimes.
This development is a stark reminder for the crypto community that regulatory scrutiny is intensifying, and
accountability is becoming unavoidable.
#BinanceAlphaAlert #Crypto2025Trends #DoKwon
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Montenegro's Constitutional Court denies Do Kwon's appeal
The Constitutional Court of Montenegro has rejected the extradition appeal of Do Kwon, co-founder of Terraform Labs, thus officially upholding the ruling to extradite him to the United States and South Korea. This decision marks a significant legal defeat for Kwon, who faces multiple charges of financial fraud related to the collapse of the Terra Luna empire, which caused more than $40 billion in losses in 2022.
LUNC Forecast: ChatGPT Predicts Up To 815% Surge in April!"
Unlocking the potential of Terra Classic (LUNC), ChatGPT presents two interesting scenarios for investors. With the bullish sentiment and positive developments, can LUNC surge up to $0.00150 in April, marking a remarkable increase of 815%
#lunc #ustc #dokwon #TrendingPredictions #NewSignal
Unlocking the potential of Terra Classic (LUNC), ChatGPT presents two interesting scenarios for investors. With the bullish sentiment and positive developments, can LUNC surge up to $0.00150 in April, marking a remarkable increase of 815%
#lunc #ustc #dokwon #TrendingPredictions #NewSignal
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May 2022, the incident happened so fast at that time how much money did you lose on terra luna….
$LUNC $LUNA #dokwon #TerraLabs #TerraEcosystem #TerraClassic
$LUNC $LUNA #dokwon #TerraLabs #TerraEcosystem #TerraClassic
Do Kwon Released from Montenegro Prison as Extradition Verdict Still Pending
Do Kwon, co-founder of Terraform Labs, has been released from prison in Montenegro while the extradition proceedings regarding his request to be extradited to the USA and South Korea are still ongoing, according to a report by Bloomberg citing officials from the prison system.
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
JUST IN:
SEC pursues over $5 billion penalty against Do Kwon and Terraform Labs.
Follow for the latest.
#SECCrypto #dokwon #TerraformLabs
SEC pursues over $5 billion penalty against Do Kwon and Terraform Labs.
Follow for the latest.
#SECCrypto #dokwon #TerraformLabs
Do Kwon's Return: A New Dawn for LUNC
The return of Do Kwon, Terraform Labs CEO, to South Korea on March 24th marks a potential turning point for LUNC. Here's how it could trigger a positive future:
Clearer Picture, Stronger Trust: Kwon's presence could expedite investigations and bring clarity to the UST de-pegging incident. This transparency can rebuild trust and strengthen the LUNC community.
Potential LUNC Revival Fund: Reports suggest Kwon might allocate funds for LUNC's recovery. This potential financial injection could significantly benefit the LUNC ecosystem.
Community Collaboration Reignited: Kwon's return could reignite discussions and development efforts within the LUNC community, leading to positive advancements for LUNC.
Market Attention and Investor Interest: News surrounding Kwon's return and potential involvement in LUNC's recovery is generating buzz, potentially attracting new investors and driving up the LUNC price.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
#dokwon #lunc #USTC #Lunc
Clearer Picture, Stronger Trust: Kwon's presence could expedite investigations and bring clarity to the UST de-pegging incident. This transparency can rebuild trust and strengthen the LUNC community.
Potential LUNC Revival Fund: Reports suggest Kwon might allocate funds for LUNC's recovery. This potential financial injection could significantly benefit the LUNC ecosystem.
Community Collaboration Reignited: Kwon's return could reignite discussions and development efforts within the LUNC community, leading to positive advancements for LUNC.
Market Attention and Investor Interest: News surrounding Kwon's return and potential involvement in LUNC's recovery is generating buzz, potentially attracting new investors and driving up the LUNC price.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
#dokwon #lunc #USTC #Lunc
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