[Bombshell in the Cryptocurrency Circle] Do Kwon is extradited to South Korea, and the crypto giant will face local legal sanctions!
Major breakthrough! After months of judicial tug-of-war, Do Kwon, a focus of the crypto community, was finally ruled by the Montenegrin Court of Appeal to be extradited to South Korea for trial. Thursday's ruling marks a major turning point in the fate of the founder of Terra Blockchain.
Speaking of Do Kwon, you may still feel unfamiliar with the new cryptocurrency circle, but the Terra crash storm he triggered swept $44 billion in assets and evaporated, shocking the world, and the SEC's sky-high fine of $5.3 billion followed closely, which shows his huge influence.
🚶♂️ In order to evade accountability, Do Kwon staged a cross-border escape drama, and was finally arrested in Montenegro for forging a passport and was imprisoned. The extradition dispute between the United States and South Korea has settled, and the Montenegrin court chose to send him back to South Korea, perhaps because the legal consequences he faces here are relatively light.
The legal team has confirmed that Interpol will assist in accelerating the repatriation process. Previously, the market generally expected that he would go to the United States for trial. This turn of events undoubtedly added more uncertainty to the case.
The public is hotly discussing: Can Do Kwon get a fair trial in South Korea? Or can the US law hold him accountable more thoroughly? The legal boundaries in the encryption field are vague, and this ruling is undoubtedly a key turning point in the case.
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