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Do Kwon, the co-founder of Terraform Labs, faces a significant legal challenge as the U.S. Securities and Exchange Commission (SEC) continues its lawsuit against him and his company.

In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs and Terra co-founder Do Kwon, the court has issued a protective order governing the pre-trial phase of the case. While Do Kwon faces extradition proceedings in Montenegro, Terra attorneys request for dismissal of the lawsuit claiming overreach by the

In a recent legal twist, the Montenegro Appeals Court has disrupted the extradition process of Do Kwon, the prominent founder of Terra, shedding light on the intricate web of international law and cryptocurrency. This decision has set off a ripple effect in the high-stakes crypto drama that has captivated global attention.

The Terra Luna Classic community's narrative to burn 800 million USTC is again making a buzz. A ‘legally absolved route' to burn 800 million USTC is now up for governance voting after the community turned down an earlier proposal to burn these through an update to Terrad client.

Former Terra founder Do Kwon has successfully appealed his extradition with a high court in Montenegro and won.

In a significant move, VegasMorph, a key validator and member of the Terra Luna Classic community, has proposed burning the entire 8 million TerraClassicUSD (USTC) currently residing in the community pool. This proposal aligns with the broader discourse on burning 800 million USTC from the Risk Harbor Multisig Wallet, a concept initially suggested by VegasMorph.

A popular Terra Luna Classic community member and validator VegasMorph has come up with a proposal to burn all 8 million TerraClassicUSD (USTC) in the community pool. The move comes amid the renewed narrative to burn 800 million USTC from Risk Harbor Multisig Wallet, which was also initially suggested by VegasMorph.

Citing procedural flaws, the Montenegrin Appeals Court overturns the decision to extradite Do Kwon.

The extradition of Terra Labs' Do Kwon to the United States has been temporarily halted as a Montenegro court has ordered a review of the case.

The Appeals Court in Montenegro has canceled the High Court of Podgorica's approval to send Do Kwon, the crypto entrepreneur, back. According to the official statement on December 19, the Appellate Court pointed out problems in the legal steps, particularly the High Court's decision lacking clear reasons and facts.

In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The Podgorica-based Appeals Court made the decision, which cited procedural irregularities and lack of clarity in its ruling.

The approval further delays ongoing efforts to extradite Kwon either to his homeland or the United States.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, David Riegelnig, the CEO and founder of Rulematch, the new crypto exchange for banks, explains how institutional interest in digital assets grew in 2023.

The founder of Terraform Labs, the crypto firm behind the Terra (LUNA) collapse has won an appeal in Montenegro over being extradited to the United States. According to a statement from the Montenegro Appeals Court, the decision to extradite Terra founder Do Kwon to the US or South Korea has been overturned.

In a surprising turn of events, the Appellate Court in Montenegro has rejected a previous decision by a high court in the country approving the extradition of Terraform Labs founder Do Kwon to either South Korea or the United States.

In recent crypto headlines, the LUNC token, supported by the Terra Classic community, has garnered widespread attention within the crypto sphere. The community's concerted efforts, including collaborative initiatives and partnership announcements, aimed to bolster LUNC's position in the market.

The Terra founder was set to be extradited to the U.S. but an appeal means he will for the time being stay in Montenegro.

Former Terraform CEO Do Kwon's extradition is still pending after a court in Montenegro granted his appeal.

In a dramatic turn of events, the legal saga surrounding Do Kwon, the co-founder of Terra Labs, has taken an unexpected twist. Montenegro's Appellate Court has annulled a previous decision by the High Court to extradite Kwon, citing significant procedural errors and a lack of clarity in the legal process.

The Montenegro Court of Appeal has overturned the Podgorica High Court's decision to extradite Do Kwon, co-founder of Terraform Labs, following his appeal, according to a Dec. 19 update on the court website. Initially, the Podgorica High Court had greenlit Kwon's extradition to either the U.S.

Terra LUNA Classic Price Prediction - LUNC price is up 11% today. It needs a weekly closure above $0.0002100 for bullish continuation.

On Tuesday, Montenegro's appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition.

The Appellate Court at Podgorica in Montenegro has overturned a previous ruling by the High Court regarding Terra Labs (CRYPTO: LUNA) co-founder Do Kwon's potential extradition, citing issues in the legal process and a lack of clear reasoning. This decision follows a complaint raised by Kwon's legal defense team, Bloomberg reported.

LUNA, LUNC, and USTC, tokens backed by the Terra ecosystem, recently amassed noteworthy attention among crypto market enthusiasts globally as the tokens witnessed a sudden price jump today. The upward trajectory portrayed by the tokens comes in alignment with the recent decision by the Montenegro Appeals Court on Do Kwon's legal chronicle.