Extradition canceled: Do Kwon will return to South Korea after the court's decision
The founder of Terraform Labs will be repatriated after the change in judicial decision
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The founder of Terraform Labs will be repatriated after the change in judicial decision
The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon's extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7.
The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon's extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7.
Do Kwon is set to return to his native South Korea for criminal prosecution two years after the collapse of Terra's tokens, which shook the crypto industry.
Embattled Terraform Labs co-founder Do Kwon is set to be extradited to South Korea following the failed extradition bid to the United States. New Update In Do Kwon's Extradition Move According to a recent report, Do Kwon's South Korean extradition was ordered by a High Court in Podgorica.
The Terra Luna Classic community's focus on revamping the network continues despite recent volatility in the market. Like many of its peers, Terra Classic (LUNC) price boasts a noteworthy 83.5% increase to $0.0001945.
Terra's co-founder may now be sent to South Korea after his United States extradition was called back.
A Montenegrin high court has rendered a decision regarding the extradition of Do Kwon, co-founder of Terraform Labs, to South Korea to face criminal charges related to the May 2022 collapse of his multibillion-dollar cryptocurrency enterprise, as reported by local news sources on Thursday.
Montenegro court reverses the Do Kwon extradition decision, favoring South Korea over the United States.
Local media in Montenegro reported that Terra founder Do Kwon is cleared for extradition to his native South Korea.
Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.
The move comes after a Montenegrin court overturned a prior decision regarding Kwon's extradition to the United States.
In response to media queries, a police officer stated that the task force overseeing Do Kwon's case had convened "emergency meetings".
The Terra Luna Classic community is voting on another major proposal to prevent the exodus of validators, particularly small ones. This proposal aims to enhance chain security and decentralization by increasing the number of validators, thereby improving network security.
The Terra Luna Classic community voting on another major proposal amid recent development efforts, focusing on preventing exodus of validators, especially small validators. The proposal can also boost security and decentralization of the chain as more validators increase network security.
Do Kwon's case heats up as South Korea approaches Interpol for help.
South Korea's National Police Agency has formally requested Interpol's intervention in the extradition case of Do Kwon, co-founder of Terraform Labs. Kwon is currently facing multiple charges, including securities fraud, in connection with the Terra ecosystem's collapse in May 2022. This move comes after a Montenegrin court canceled Kwon's extradition order to the U.S.
After Terra co-founder Do Kwon won an extradition appeal in a Montenegro court denying his extradition to the United States, South Korea escalated the matter and started preparing for Do Kwon's extradition to the country. The National Police Agency is coordinating with Interpol to extradite Do Kwon to South Korea.
South Korean authorities requested Interpol's assistance in bringing back the Terraform Labs co-founder on Thursday, local media reported.
In a stunning turn of events, the Appellate Court of Montenegro has delivered a significant blow to the United States' extradition efforts, overturning the decision to send Terra founder Do Kwon across the Atlantic to face criminal charges. This reversal, announced on March 5, adds another layer to the already complex legal narrative surrounding Kwon, who co-founded Terraform Labs.
LUNC, LUNA powers up as the infamous crypto outlaw got yet another chance to avoid SEC Chair Gary Gensler's iron first.
A Montenegro appeals court has invalidated the decision to extradite Do Kwon to the United States.
Genuine Labs, the developer behind Terra Luna Classic, has submitted a revised proposal for significant core updates aimed at enhancing security, functionality, and interoperability. The proposed security upgrade package includes various enhancements and optimizations to key components such as Wasmd, IBC Go, and Cosmos SDK.
Terra Luna Classic developer Genuine Labs resubmits a revised proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK.