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LUNA's value surged in double-digits within the last 24 hours, hinting at a further bull rally.

Terraform Labs co-founder Do Kwon has been released from prison in Montenegro as the Balkan country's Supreme Court weighs competing extradition requests from the U.S. and South Korea.

Terraform Labs and its embattled co-founder Do Kwon will face trial in New York on Monday following charges filed by regulators for the events leading up to the implosion of TerraUSD stablecoin. According to court documents, the United States Securities and Exchange Commission (SEC) alleges fraud as well as investor deceit on the state of

The US Securities and Exchange Commission alleges fraud in the case, which led to a $40 billion loss in investor assets and impacted the crypto industry, even causing the failure of the FTX crypto exchange. Legal Confrontations Shake Crypto Industry The trial of Terraform Labs Pte.

The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon.

Former Terraform Labs CEO Do Kwon is reportedly released from jail in Montenegro. However, Kwon remained under house arrest over the weekend.

While Do Kwon awaits the Montenegrin Supreme Court's decision about his fate, the U.S. shows no mercy to SBF as it readies to sell two of the former FTX CEO's private planes.

Terraform Labs and its founder Do Kwon are set to face trial on Monday in Manhattan on a regulator's claim that they lied to investors before the collapse of two of the company's cryptocurrencies, which roiled markets in 2022.

Now the foreign police department will take care of him.

His release came as the country's top court squashed his extradition to South Korea. However, the Montenegro authorities held back his passport, preventing him from traveling outside the country.

South Korean crypto figure Do Kwon has been freed from detention in Montenegro as the Supreme Court considers extradition requests from the United States and South Korea.

Former Terra CEO Do Kwon also had his passport confiscated as he ended his prison term on March 23 in Montenegro.

Do Kwon, the founder of Terra (LUNA), has been released to house arrest, as reported by ZyCrypto, leading to a significant 26% surge in the cryptocurrency price.

Even though Terraform Labs and Kwon are no longer connected to Terra Classic, these tokens still saw big increases because of this news.

Multiple sources have reported that Do Kwon, the ex-chief executive officer of Terraform Labs, was set free from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the United States.

Last week, Terraform Labs founder Do Kwon grabbed headlines while spot Bitcoin ETFs witnessed a bearish turn. Also, regulators reportedly look at Ethereum.

The decision to release Kwon reportedly came from the Council of the Supreme Court, which is set to review a decision that could grant or deny extradition to his native South Korea.

Do Kwon, the South Korean crypto fugitive, was reportedly set free from prison in Montenegro over the weekend.

The prices of Terra Luna Classic ecosystem tokens LUNC and USTC experienced a huge surge following news of Terra co-founder Do Kwon being released by the Montenegro Supreme Court. Despite Terraform Labs (TFL) and Do Kwon severing ties with the Terra Classic chain, the tokens still saw substantial gains.

Another day, another twist in the extradition saga for the disgraced Terraform Labs co-founder Do Kwon.

Terra Luna Classic ecosystem tokens LUNC and USTC prices saw a massive surge after the Montenegro Supreme Court released Terra co-founder Do Kwon. While Terraform Labs (TFL) and Do Kwon had separated ties with the Terra Classic chain, the tokens still recorded significant gains along with over 26% gain in Terra (LUNA).

Montenegro authorities have announced the release of Terra (LUNA) founder Do Kwon from prison, under house arrest, following a forgery case. The Supreme Court confiscated Kwon's travel documents for security.

Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the borders of the European nation pending a fixed date for his extradition to his home country.

Do Kwon's legal troubles seem to be never-ending? With his trial pending in the U.S. and the extradition deal not yet cleared and confirmed legally, Do Kwon, the co-founder of Terraform Labs, has been ordered from incarceration to house arrest in the latest court order.