This incident has turned into a joke that is not very funny anymore. We have been seeing news for a long time about the extradition of Do Kwon, who played a serious role in the Terra collapse. The local court makes a decision and the higher court reverses it. The upper court makes a decision, the ministry overturns it and then a new decision is taken. After the final decision was overturned, Do Kwon could not be extradited.
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Do Kwon is guilty and must answer many questions in the courtroom. terra Its founder had previously anonymously started and failed a different algo stablecoin project similar to UST. Then LUNA and UST were launched and capitalized on investors’ greed with 20 percent APY. LUNA And TOP The mechanism was a structure in which the stablecoin could collapse in case of possible price fluctuations.
The expected end came true, and with the crash in mid-2022, the bankruptcy of many crypto risk lovers, including Zhu Su, was triggered. Rumors arose here that Jump and other major players were profiting from the collapse. All of these are details that will become clear after Do Kwon’s extradition.
Today, Montenegrin Minister of Justice Bojan Božović said that the decision on the extradition of Terraform Labs founder Do Kvo has been taken and will be announced by the end of Sunday.
Although it may cause confusion that the decision took so long, it is likely that we will see a statement regarding extradition to South Korea or the USA within a few days.
LUNA price It started to decline with the news.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
