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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.
Montenegro Justice Minister Andrej Milović has confirmed plans to extradite the beleaguered founder of Terraform Labs to the United States instead of his native country, South Korea. Kwon will answer to charges related to the dramatic and rapid implosion of his TerraUSD (UST) stablecoin and its sister Luna (LUNA) token in May 2022.
Do Kwon has been in a Montenegro prison since March and has been part of an international tug-of-war as both the USA and South Korea seek his extradition.
According to a Wall Street Journal report on December 7, Terraform Labs co-founder Do Kwon will be extradited to the United States.
The saga of Do Kwon, the once-revered Terra Luna founder, takes a dramatic turn as Montenegro gears up to extradite him to the United States. This development marks a significant shift in the fortunes of the former crypto tycoon, painting a stark contrast to his earlier days of digital asset dominance.
Montenegro's justice officials have reportedly stated their intention to extradite Terraform Labs founder Do Kwon to the United States instead of South Korea.
Terraform Labs' co-founder, Do Kwon, is on the brink of extradition to the United States from Montenegro. This development follows a decisive ruling by a high court and the endorsement from a top official.
In a significant development in the Terra blockchain saga, Terraform Labs founder Do Kwon may soon face trial in the United States. This follows the collapse of the multi-billion dollar Terra ecosystem involving cryptocurrencies LUNA and UST.
The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.
Do Kwon, the co-founder and former CEO of Terraform Labs, will reportedly be extradited to the U.S. to face criminal charges, The Wall Street Journal reported on Dec. 7, citing people familiar with the matter. Last month, CryptoSlate reported that Kwon faced potential extradition to the U.S.
The Terraform Labs co-founder has been caught in a jurisdictional tug-of-war between the U.S. and his native South Korea.
The Terraform Labs founder could be moved to the U.S. instead of South Korea to stand trial over a multi-billion ecosystem collapse involving LUNA and UST.
Montenegro's chief legal officer has expressed intentions to extradite the embattled cryptocurrency fugitive Do Kwon to the United States, bypassing South Korea. The Wall Street Journal reported the developments, quoting sources close to the situation.
The Justice Minister in Montenegro has told people in private meetings he plans extradite Kwon to the U.S. but not until ruling on an appeal.
Montenegro Justice Minister Andrej Milovic has indicated plans to extradite Do Kwon, the beleaguered founder of Terraform Labs, to the United States, according to a recent report by The Wall Street Journal.
In a significant development for Do Kwon, Montenegro's top justice official has indicated a preference to extradite Kwon to the United States, rather than his home country South Korea, to face criminal charges.
The Terraform Labs co-founder had been awaiting extradition to either the United States or South Korea after being arrested and charged in Montenegro.
Montenegro's top justice official, Justice Minister Andrej Milovic, is reportedly contemplating the extradition of Terra founder Do Kwon to the U.S. instead of South Korea, according to insider sources. Coincu News
Former Terraform Labs CEO Do Kwon may be on his way to the US, according to a report from the Wall Street Journal.
In a recent development from Podgorica, Montenegro, the legal case involving Terraform Labs co-founder Kwon Do-hyung, also known as Do Kwon, has reached a new turning point. The Montenegro High Court has approved his extradition, responding to requests from both the United States and South Korea.
Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro.
Do Kwon, the co-founder of Terraform Labs, is currently embroiled in a legal battle as he appeals the Montenegrin High Court's decision to extradite him to face criminal charges related to alleged financial crimes.
Do Kwon's defense team file an extradition appeal, likely extending his stay in Montenegro.
