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Reading: Breaking News: The Expected Decision for Terra (LUNA) Founder Do Kwon Has Been Announced
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EdaFace Newsfeed > Latest News > Regulations, Law & Policy > Breaking News: The Expected Decision for Terra (LUNA) Founder Do Kwon Has Been Announced
Regulations, Law & Policy

Breaking News: The Expected Decision for Terra (LUNA) Founder Do Kwon Has Been Announced

vitalclick
Last updated: December 27, 2024 2:37 pm
2 months ago
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mid-2022 cryptocurrency dragging markets into nightmare Do Kwon The decision has finally come. For months, cryptocurrency investors have been waiting for Do Kwon to be extradited from Montenegro. However, each time the decision was overturned for different reasons and new extradition decisions were taken. It’s over now.

Do Kwon Last Minute

terra (LUNA) and Do Kwon, the founder of UST, had previously launched an algo stablecoin anonymously, but it failed just like the last time. The person who caused one of the largest cryptocurrency destructions in history in the LUNA collapse later fled to Montenegro. While his whereabouts were unknown for months, he was suddenly arrested in Montenegro, and then we saw extradition requests from South Korea and the USA.

The local court gave an extradition decision, the upper court reversed it, then the decision of the higher court was stuck with the ministry, and we saw that the extradition decision was made and overturned almost 10 times. But now Do Kwon has reached the end of the road.

The Montenegrin Minister of Justice has now approved the extradition of Do Kwon to the United States. Do Kwon will soon be extradited to the United States and will likely serve his sentence there. It is possible that South Korea will apply to extradite Kwon from the United States. As you can see above, the LUNA price started to decline after increasing by around 4 percent with the news of Kwon’s return. And it’s still above $0.4. in the long run LUNA CoinWe have talked about the risks of .

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.

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