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...