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#cpi #bitcoinhalving # Montenegro Court Approves Do Kwon's Extradition: What You Need to Know ## Background The ongoing legal saga surrounding **Do Kwon**, often referred to as the *"cryptocurrency king,"* has taken yet another twist. Do Kwon, the founder of **Terraform Labs**, was arrested in Montenegro last year. ## The Extradition Process 1. **Initial Ruling**: In February 2024, the **Higher Court in Podgorica** approved the expedited extradition of Do Kwon to the U.S. following a request by federal prosecutors in New York¹². He was charged with fraud related to the **$40 billion crash** of Terraform Labs' cryptocurrency, which significantly impacted retail investors worldwide. 2. **Supreme Court Reversal**: However, the local **Supreme Court of Montenegro** later overturned this decision, rejecting the extradition to the U.S. and restarting the process⁸. Instead, they favored South Korea's request for Do Kwon's extradition. 3. **Latest Development**: Now, Montenegro's **top court** has once again ruled in favor of the U.S., stating that Do Kwon should be extradited to face fraud charges there rather than returning to his native South Korea⁷. The final decision lies with Montenegro's **Justice Minister Andrej Milovic**. ## Terra's Implosion Do Kwon and five others associated with Terraform Labs faced allegations of fraud and financial crimes related to the implosion of its digital currencies in **May 2022**. TerraUSD, designed as a *"stablecoin,"* suffered a drastic loss in market value, affecting holders worldwide. The stablecoin, along with its sister currency **Luna**, plummeted far below its $1 peg, causing significant losses⁴. ## What's Next? While the legal battle continues, Do Kwon's fate remains uncertain. If extradited to the U.S., he could face up to **40 years in jail** for the charges against him. The extradition process is still subject to appeal, and the saga continues as Montenegro's courts deliberate on the matter⁹. Source:Do Kwon's US Extradition Overturne #saga #share2win #orocryptotrends

#cpi #bitcoinhalving # Montenegro Court Approves Do Kwon's Extradition:

What You Need to Know

## Background

The ongoing legal saga surrounding **Do Kwon**, often referred to as the *"cryptocurrency king,"* has taken yet another twist. Do Kwon, the founder of **Terraform Labs**, was arrested in Montenegro last year.

## The Extradition Process

1. **Initial Ruling**: In February 2024, the **Higher Court in Podgorica** approved the expedited extradition of Do Kwon to the U.S. following a request by federal prosecutors in New York¹². He was charged with fraud related to the **$40 billion crash** of Terraform Labs' cryptocurrency, which significantly impacted retail investors worldwide.

2. **Supreme Court Reversal**: However, the local **Supreme Court of Montenegro** later overturned this decision, rejecting the extradition to the U.S. and restarting the process⁸. Instead, they favored South Korea's request for Do Kwon's extradition.

3. **Latest Development**: Now, Montenegro's **top court** has once again ruled in favor of the U.S., stating that Do Kwon should be extradited to face fraud charges there rather than returning to his native South Korea⁷. The final decision lies with Montenegro's **Justice Minister Andrej Milovic**.

## Terra's Implosion

Do Kwon and five others associated with Terraform Labs faced allegations of fraud and financial crimes related to the implosion of its digital currencies in **May 2022**. TerraUSD, designed as a *"stablecoin,"* suffered a drastic loss in market value, affecting holders worldwide. The stablecoin, along with its sister currency **Luna**, plummeted far below its $1 peg, causing significant losses⁴.

## What's Next?

While the legal battle continues, Do Kwon's fate remains uncertain. If extradited to the U.S., he could face up to **40 years in jail** for the charges against him. The extradition process is still subject to appeal, and the saga continues as Montenegro's courts deliberate on the matter⁹.

Source:Do Kwon's US Extradition Overturne

#saga #share2win #orocryptotrends

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