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Montenegro has approved Do Kwons extradition to the US, where the Terraform Labs founder will face fraud charges tied to the $40 billion collapse of LUNA and UST. Meanwhile, the LUNC community accelerates its burn efforts as Terraform Labs moves closer to liquidation.
Montenegro's Minister of Justice officially signed the order to have Terraform Labs co-founder Do Kwon handed over to U.S. authorities to face charges in New York. The decision to extradite Kwon to the US rather than his native South Korea comes after Montenegro's Constitutional Court dismissed the disgraced Terra founder's appeal.
Bitcoin holds above $96,000 while investors turn to AI and DeFi tokens for growth opportunities, and Bitget to burn 40% of total supply of BGB.
Montenegro's Minister of Justice, Bojan Božović, has signed an order to extradite Terraform Labs co-founder Do Kwon to the US. Montenegro's Supreme Court recently determined that all legal conditions for Kwon's extradition had been met.
Montenegro has approved the extradition of South Korean crypto entrepreneur Do Kwon to the U.S., concluding lengthy legal disputes over his role in the $60 billion collapse of the Terra-Luna blockchain. The post Montenegro Approves Do Kwon's Extradition to the US for Prosecution appeared first on Cryptonews.
Disgraced Terra (LUNA) founder Do Kwon is reportedly going to be extradited to the US after losing an appeal in a Montenegrin high court.
Montenegro's Minister of Justice, Bojan Božović, said in a statement he approved the Terraform founder's extradition to the U.S. rather than South Korea.
Montenegro's Minister of Justice, Bojan Božović on Friday authorized the extradition of Terraform Labs co-founder Do Kwon to the United States, concluding months of legal wrangling over competing extradition requests from the U.S. and South Korea. What Happened: The ruling follows a decision earlier this week by Montenegro's Constitutional Court, which denied Kwon's appeal against a September Supreme Court decision.
Montenegro's Justice Minister has approved the extradition of Do Kwon to the United States, marking a significant step in holding the Terraform Labs founder accountable for his crimes.
Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon's U.S.
Do Kwon was apprehended by law enforcement in Montenegro in June 2023 after attempting to flee the country with a false passport.
Montenegro approves Do Kwon extradition to the US for charges linked to TerraUSD's collapse, following a Supreme Court ruling. The post Do Kwon to be extradited to US, Montenegro's justice minister confirms appeared first on Crypto Briefing.
Do Kwon, the mastermind behind the TerraUSD and Luna disaster that obliterated $40 billion in crypto, is finally heading to the United States to face justice. Montenegro's Minister of Justice, Bojan Božović, signed the extradition order, prioritizing the U.S. request over South Korea's.
After series of back and forths, Terraform Labs co-founder Do Kwon will finally be extradited to the United States. According to a report from local media platform Vijesti, the Montenegrin Justice Minister Bojan Bozovic signed the extradition orders, potentially ending the uncertainty that has trailed the case since 2022.
According to local reports, Montenegro's Minister of Justice has signed an order to extradite Terraform Labs founder Do Kwon to the United States, rejecting South Korea's request for extradition. South Korean authorities accuse Kwon of misleading investors and concealing assets.
Minister of Justice Bojan Božović approved extraditing Terraform Labs founder Do Kwon to the United States.
This follows the Supreme Court ruling earlier this year to delegate the final decision making authority to the Justice Minister.
In a latest deveopment, Minister of Justice Bojan Božović has signed the decision ordering the extradition of Do Kwon to the United States of America (USA), as per a report from Vijesti.
Do Kwon's extradition appeal has been rejected by Montenegro's Constitutional Court, leaving the final decision on his transfer to South Korea or the U.S. to the country's justice minister.
A Montenegrin court upheld the extradition of Do Kwon, founder of Terra Labs. The U.S. and South Korea both requested extradition, and a Montenegro minister will decide which country gets him. Montenegro Minister to Decide Do Kwon's Next Destination The Montenegrin Constitutional Court unanimously dismissed jailed Terra Labs founder Do Kwon's appeal against his extradition.
The court rejected Do Kwon's appeal of a Supreme Court ruling that gave the Justice Minister authority over his extradition.
Montenegro's Constitutional Court has rejected an appeal by Do Kwon, the co-founder of Terraform Labs, against his extradition. This decision removes a significant legal barrier in the extradition process.
The court's unanimous verdict essentially upheld an earlier finding supporting Kwon's extradition. Kwon's legal destiny is now hanging in the balance after the Montenegrin court's ruling.
The SEC and Terraform Labs reached a $4.47 billion penalty, thereby settling charges over the collapse of TerraUSD and Luna tokens.
