JUST IN: Do Kwon To Be Extradited To The UNITED STATES
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February 21, 2024 11:36 pm
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After much back and forth, the high court in Montenegro has finally decided to extradite Terraform Labs co-founder and former CEO, Do Kwon.
ProCoin News previously reported that the court backpedaled and reversed its decision to extradite the disgraced, former CEO several times.
Following his initial charges, Do Kwon was MIA until authorities in Montenegro caught him attempting to leave the country with falsified travel documents and detained him until further notice.
The court also declined to extradite Kwon to South Korea before the United States.
However, Do Kwon’s business partner and former colleague Han Chang-Joon was recently extradited to South Korea by the Montenegrin justice system. Here are the latest developments:
JUST IN: 🇺🇸 Terra Founder Do Kwon to be extradited to the United States.
— Watcher.Guru (@WatcherGuru) February 21, 2024
🚨 Finally! 🚨#Terra founder #DoKwon is set to be extradited to the #UnitedStates. A significant development in the ongoing saga. Justice is on the horizon. #CryptoNews #DoKwon #Extradition pic.twitter.com/hC0JP5z5bA
— Paweł Łaskarzewski (@PawelSynapse) February 22, 2024
Cryptopolitan confirmed:
The drama around Do Kwon, the Terraform Labs co-founder, just hit a new peak. He’s getting shipped off to the United States, facing charges that have the crypto community on edge. Since March 2023, Kwon’s been chilling in Montenegro, but it looks like his stay is about to get cut short.
Crypto News Portal claimed: “The fact that Do Kwon is being extradited to the USA is priced positively on the LUNC and USTC side. There is a bullish trend in LUNC and USTC.”
The fact that Do Kwon is being extradited to the USA is priced positively on the #LUNC and #USTC side.
There is a bullish trend in $LUNC and $USTC. 🧿 pic.twitter.com/HxI38MgECL
— Crypto News Portal (@TerraNewsEN) February 21, 2024
Every time I buy #Luna this is happening 🤦🏻♂️😤
Is like a curse!
I can fee that at some stage this will perform well, but is a risk as well… It can go down the drain or to the moon.. 🤷🏻♂️
DoKwon is still in prison but the team is still working hard for the project to succeed. pic.twitter.com/joOHgsrByB
— Ady G. (@adybull888) February 20, 2024
According to Coin Telegraph:
The U.S. Securities and Exchange Commission has a civil case against Kwon and Terra, with a trial scheduled for March 25. Both parties were alleged to have orchestrated a “multi-billion dollar crypto asset securities fraud” related to offering TerraUSD (UST) and Terra.
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