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An important step in the legal battle: further support for the founder of Terra (LUNA)

An Appellate Court in Montenegro accepts Do Kwon's appeal against a High Court's decision that approved his extradition.

The Appellate Court of Montenegro has revoked the decision to extradite Terraform Labs co-founder Do Kwon, marking another twist in the prolonged legal saga following the collapse of the Terra ecosystem in May 2022.

The Court of Appeal in Montenegro revokes the decision to extradite Do Kwon, sending the case for retrial due to procedural irregularities.

The appellate court decided that the original decision to extradite Kwon was "affected by significant violations."

The Appellate Court of Montenegro previously canceled Kwon's extradition approval to either the United States or South Korea in mid-December 2023.

Terraform Labs Ex-CFO arrested for fraudulent marketing of Terra stablecoins and violations of several financial acts.

The Montenegro Court of Appeals has again canceled the approval of Terraform Labs co-founder Do Kwon's extradition to South Korea or the U.S.

Terra's co-founder Do Kwon's appeal to reject extradition has been accepted by a Montenegro court, returning the case to the first instance to the court for retrial and decision. Montenegro Court Accepts Do Kwon's Appeal The Court of Appeals of Montenegro revoked a previous decision by Montenegro High Court to extradite Do Kwon to South

The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.

The Montenegrin Court of Appeal revoked its decision on the extradition of Korean citizen Do Kwon.

Lee testified that Terra executives were aware of regulatory constraints on using TerraUSD as a payment method.

Terra founder Do Kwon and co-founder Shin Hyun-Seong of the failed crypto project are still fighting legal battles almost two years after the devastating collapse of the network.

TL;DR The testimony of a former Terraform Labs developer, Lee, reveals that Terra's co-founders promoted TerraUSD as a payment option, despite being aware of local regulatory prohibitions. The extradition of Han Chang-joon, former CFO of Terraform Labs, triggers investigations related to allegations of fraud and misappropriation of funds in the Terra project.

Do Kwon's name surfaces in a witness testimony implicating him of being aware that the Terra project was “legally impossible.”

In recent testimony, a former Terraform Labs developer has cast a shadow over the viability of the Terra project, once hailed as a groundbreaking blockchain payment system. The developer, identified only as Mr.

A former team leader of Terra reportedly testified against Do Kwon, saying he knew that the project was legally problematic. The 14th Criminal Division of the Seoul Southern District Court engaged the first witness on Feb.

Lee, a former Terraform Labs developer, testified that Shin Hyun-sung, former CEO of Chai Corporation, and Do Kwon, former CEO of Terraform Labs, acknowledged that the Terra project wouldn't function as publicly advertised.

Han Chang-joon, the former financial officer of Terraform Labs, has been extradited to South Korea from Montenegro, where he had been held since his arrest in March 2023.

The former developer of Terraform Labs testified that Terra executives knowingly deceived investors, according to local media.

Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country's Justice Ministry.

Han Chang-joon, ex-CFO at the now-defunct Singapore-based crypto company Terraform Labs who worked alongside CEO Do Kwon, has been extradited to South Korea by Montenegrin authorities.

In a major development for the ongoing investigation into the spectacular crash of Terraform Labs and its algorithmic stablecoin TerraUSD, Han Chang-joon, the company's former chief financial officer, has been extradited to South Korea.

Terraform Labs' former CFO Han Chang-joon is extradited to South Korea, facing a lengthy prison sentence in the country.