United

Terra

In a significant breakthrough in the ongoing legal saga surrounding the founder of Terra Luna, Kwon Do-Hyung, known as <a href="https://bitcoinist.com/terra-vs-sec-do-kwon/" target="_blank" rel="noopener ">Do Kwon</a>, reports indicate that he is set to be extradited to the United States.&nbsp; 
<a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-12-07-2023/card/exclusive-montenegro-plans-to-extradite-fallen-crypto-tycoon-do-kwon-to-u-s--go9pVSEoANWEjPKGAfD6" target="_blank" rel="noopener nofollow">According </a>to the Wall Street Journal, Montenegro has privately confirmed its intention to send Do Kwon to the US to face criminal charges. 
<h2 id="the-do-kwon-extradition-to-us-confirmed-by-montenegro">The Do Kwon Extradition To US Confirmed By Montenegro</h2> 
The events leading up to this <a href="https://bitcoinist.com/cross-border-drama-do-kwon-extradited-by-montenegro/" target="_blank" rel="noopener ">extradition</a> decision began in March, when Kwon was arrested while attempting to leave the country with falsified documents.&nbsp; 
Once a prominent figure in the digital asset industry, Do Kwon’s reputation has suffered due to his involvement in manipulating the TerraUSD stablecoin, which led to a range of criminal charges being filed against him.&nbsp; 
Additionally, the massive $40 billion crash associated with his actions has prompted prosecutors in both the United States and South Korea to seek his trial. 
<h2 id="do-kwon-s-legal-team-fails-to-halt-extradition-process">Do Kwon’s Legal Team Fails To Halt Extradition Process&nbsp;</h2> 
Has Kwon’s arrest in Montenegro and subsequent detention in the country set the stage for his extradition? <a href="https://watcher.guru/news/terra-luna-founder-do-kwon-to-be-extradited-to-the-united-states#:~:text=Indeed%2C%20reports%20state%20that%20Do,extradited%20to%20the%20United%20States.&amp;text=The%20report%20references%20a%20top,attempts%20to%20avoid%20being%20extradited." target="_blank" rel="noopener nofollow">Reports </a>indicate that he is indeed set to be extradited to the United States, with a senior Montenegrin justice official privately confirming the extradition plans.&nbsp; 
This development follows Kwon’s legal team’s<a href="https://bitcoinist.com/terra-luna-do-kwon-appeals-extradition/" target="_blank" rel="noopener "> unsuccessful attempts</a> to circumvent the extradition process, including their appeal of a late November decision approving the extradition. 
The <a href="https://bitcoinist.com/terra-do-kwon-sells-more-bitcoin/" target="_blank" rel="noopener ">charges</a> against Kwon were brought forth by the US Securities and Exchange Commission (SEC) in February. The Terra Luna founder stands accused of orchestrating a multibillion-dollar crypto asset securities fraud.&nbsp; 
With Do Kwon’s <a href="https://bitcoinist.com/do-kwon-kicks-against-secs-extradition-request/" target="_blank" rel="noopener ">extradition imminent</a>, a trial will likely ensue to address the crimes he committed during his tenure as the head of Terra Luna. 
<img loading="lazy" decoding="async" src="https://www.tradingview.com/x/d8As866c/" alt="Terra Luna Do Kwon" width="1815" height="858"> 
Featured image from Reuters, chart from TradingView.com&nbsp;

BREAKING: Terra Founder Do Kwon’s Extradition To The US Approved

Table of Contents

Bitcoinist

Autres articles publiés le 7 déc. 2023

Binance CEO Challenges Dimon’s Anti-Crypto Stance in Senate Hearing

Dogecoin hits $0.1: Is the memecoin season finally here?

TON blockchain crippled by Bitcoin Ordinals-style token transactions

IEEE to deploy skill certificates on blockchain for Indian members

Apollo Crypto Predicts Bitcoin Price Of $200,000 This Cycle, Here’s Why

OKX and Bybit Capitalize as Binance’s Market Share Declines + More News

Join our free newsletter for daily crypto updates!