Hey there! So, it looks like the Constitutional Court of Montenegro just dismissed an appeal filed by Do Kwon, the South Korean crypto mogul behind the infamous TerraUSD (UST) stablecoin and its sister token, Luna. This comes after the catastrophic collapse of these assets in May 2022, causing a whopping $40 billion market loss.
The court’s decision to reject Kwon’s appeal marks another blow to his legal battle, as it upholds an earlier ruling in favor of his extradition to either South Korea or the United States. The Justice Minister of Montenegro now holds the power to make the final call on whether Kwon will face trial in either of those countries.
It’s worth noting that Kwon has been under intense scrutiny since the collapse, with both South Korea and the US seeking his extradition on charges of financial crimes, including fraud and market manipulation. His legal options are dwindling fast, as the latest ruling by the Montenegrin court significantly narrows his ability to delay extradition.
If you’re interested in learning more about this high-profile case, be sure to check out our comprehensive coverage on CryptoPotato. We’ll keep you updated on any new developments in Kwon’s legal saga, as well as other exciting stories from the world of cryptocurrency.
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