United

Terra

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/authorities-confirm-do-kwons-extradition-to-the-united-states/" data-wpel-link="internal">Authorities Confirm Do Kwon’s Extradition to the United States</a><br></p>
<p style="text-align: justify">In mid-2022, a resolution was reached regarding Do Kwon, the individual who plunged <a href="https://en.coin-turk.com/bitcoin-bull-market-crypto-capital-ventures-dan-gambardello-warns-community-to-stay-alert-and-think-critically/" data-wpel-link="internal">cryptocurrency</a> markets into turmoil. For months, the <a href="https://en.coin-turk.com/bitcoin-surpasses-98000-signaling-strong-market-sentiment/" data-wpel-link="internal">crypto</a> community awaited Kwon’s extradition from Montenegro to South Korea, but decisions were repeatedly overturned for various reasons. Now, definitive action has been taken.</p> 
<h2 style="text-align: justify" id="latest-developments-on-do-kwon">Latest Developments on Do Kwon</h2> 
<p style="text-align: justify">Do Kwon, the founder of Terra (LUNA) and UST, had previously initiated an algorithmic stablecoin anonymously, only to fail spectacularly once again. He fled to Montenegro after causing one of the largest collapses in cryptocurrency history with the LUNA crash. His whereabouts had been unknown for months until he was suddenly apprehended in Montenegro, coinciding with extradition requests from South Korea and the United States.</p> 
<h2 style="text-align: justify" id="extradition-approved">Extradition Approved</h2> 
<p style="text-align: justify">Local courts issued extradition decisions, only for higher courts to overturn them, resulting in nearly ten instances of extradition approvals and rejections. However, Kwon has now reached the end of the line. The Montenegrin Justice Minister has approved Kwon’s extradition to the United States, where he is expected to serve his sentence. South Korea may also seek Kwon’s extradition from the U.S.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-418506 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/LUNAUSDT_2024-12-27_16-49-39.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">Following the news of Kwon’s extradition, the price of LUNA rose approximately 4% before beginning to decline, remaining above $0.40. The risks associated with LUNA Coin have been discussed extensively in previous analyses.</p> 
<p>The post <a href="https://en.coin-turk.com/authorities-confirm-do-kwons-extradition-to-the-united-states/" data-wpel-link="internal">Authorities Confirm Do Kwon’s Extradition to the United States</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Authorities Confirm Do Kwon’s Extradition to the United States

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