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Do Kwon, the creator of Terra (LUNA), finds himself entangled in a legal web stretching across continents.

Understanding the Ongoing Legal Battle and Possible Extradition

Terraform co-founder Do Kwon is facing an extension of his detention in a Montenegro jail for an additional two months, amidst the ongoing dispute regarding the potential country to which he could be extradited.

Terra (LUNA) founder Do Kwon is staying in Montenegrin custody for at least two more months at the request of the United States and South Korea.

In a twist that continues to grip the crypto world, Terraform Labs co-founder Do Kwon's stay in Montenegrin custody has been extended. This decision, influenced by the combined requests of the United States and South Korea, means Kwon will remain behind bars until February, far beyond his initial sentence.

The detention of Terraform Labs co-founder Do Kwon in Montenegro has been extended for two more months, until Feb. 15, according to court spokeswoman Marija Rakovic. This decision by the High Court in Podgorica comes in response to requests from both the United States and South Korea, where Kwon faces charges linked to the collapse of TerraUSD, an algorithmic stablecoin, in 2022, Bloomberg reported.

Montenegro is slowing its roll on extraditing former Terraform Labs CEO Do Kwon, according to Bloomberg.

According to a recent announcement on Terraform Labs co-founder Do Kwon, the High Court in Montenegro has prolonged his detention. Originally set to expire on Friday, Kwon's custody period has been extended by an additional two months until February 15th.

The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after a prison sentence in Montenegro for using falsified travel documents.

Believed to be responsible for the TerraUSD stablecoin disaster, Do Kwon's detention in Montenegro has been extended until mid-February.

Terraform Labs co-founder Do Kwon's custody in Montenegro has reportedly been extended by two months, Barron's reported on Dec. 12. According to the report, Marija Rakovic, a spokesperson for the High Court, confirmed that the “extradition custody of Do Kwon [has been] expanded by two months.

A Montenegro court has extended the custody of Terra founder Do Kwon by two more months, while South Korea and the U.S. remain seeking his extradition.

The Terra LUNA price displayed a notable run in November as the price added over 140% to its value within days, resulting in the price reclaiming its $1 mark. Since then, the price has been constantly trading in a descending channel pattern, indicating a cool-off in the buying pressure. Terra LUNA 2.

A Seattle district court ruled out CZ's departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon's extradition.

Crypto Price Prediction: The cryptocurrency market picked up aggressive momentum in December led by the strong recovery in the leading cryptocurrency, Bitcoin. This resurgence has propelled major cryptocurrencies to multi-month highs, with a particular spotlight on tokens like BitTorrent (BTT), BONK, and Terra (LUNA), which have notably outshined their counterparts.

Today's weekly recap looks at the U.S. ETF race, as BlackRock and VanEck amend their filings. Also, Montenegro's authorities are considering extraditing Terra's founder, while the crypto scene sees sustained regulatory developments.

The legal pursuit for Do Kwon's upcoming extradition becomes clearer as the Montenegrin Head of Justice comes to a decision.

The Balkan nation Montenegro is reportedly looking to extradite disgraced Terra (LUNA) founder Do Kwon to the United States.

The Terra blockchain chronicle undergoes a seismic shift with Terraform Labs' founder, Do Kwon, teetering on the brink of trial in the United States.

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The Montenegrin Ministry of Justice faces the challenge of reaching a conclusive decision on Kwon Do-hyung's repatriation by the approaching deadline of December 15.

Terraform Labs founder Do Kwon will reportedly be extradited from Montenegro to the US instead of South Korea to face criminal charges related to the collapse of the TerraUSD stablecoin which wiped out $40 billion in value.

According to a Montenegrin official, the U.S. won the tug-of-war regarding Do Kwon's fate.