Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Do Kwon, the ex-CEO of Terraform Labs, is set to spend two months in Montenegro custody after the country's High Court moved his release date to Feb. 15, 2024. While Do Kwon reportedly prefers being sent to South Korea, Montenegro's justice minister is said to be leaning towards sending him to the United States.
Do Kwon, the creator of Terra (LUNA), finds himself entangled in a legal web stretching across continents.
LUNC News: Terra Luna Classic community contemplating to burn 800 million USTC stablecoins again. A validator suggested a legally possible route to burn 800 million USTC from the Terra Luna Classic treasury, held in the Risk Harbor Multisig Wallet through a contract.
The crypto market is experiencing a pullback, with several altcoins seeing double-digit declines. Terra Classic's price, after reaching highs of $0.000278, has retraced by 36% and is currently trading at $0.00018 on Monday.
Crypto Price Prediction: With the Bitcoin price reverting from the $44500 mark, the crypto market has entered into a new phase of correction. This wave of selling pressure has caused retracement to the majority of major cryptocurrencies, allowing buyers to recuperate bullish momentum.
Understanding the Ongoing Legal Battle and Possible Extradition
Terraform co-founder Do Kwon is facing an extension of his detention in a Montenegro jail for an additional two months, amidst the ongoing dispute regarding the potential country to which he could be extradited.
Terra (LUNA) founder Do Kwon is staying in Montenegrin custody for at least two more months at the request of the United States and South Korea.
In a twist that continues to grip the crypto world, Terraform Labs co-founder Do Kwon's stay in Montenegrin custody has been extended. This decision, influenced by the combined requests of the United States and South Korea, means Kwon will remain behind bars until February, far beyond his initial sentence.
The detention of Terraform Labs co-founder Do Kwon in Montenegro has been extended for two more months, until Feb. 15, according to court spokeswoman Marija Rakovic. This decision by the High Court in Podgorica comes in response to requests from both the United States and South Korea, where Kwon faces charges linked to the collapse of TerraUSD, an algorithmic stablecoin, in 2022, Bloomberg reported.
Montenegro is slowing its roll on extraditing former Terraform Labs CEO Do Kwon, according to Bloomberg.
According to a recent announcement on Terraform Labs co-founder Do Kwon, the High Court in Montenegro has prolonged his detention. Originally set to expire on Friday, Kwon's custody period has been extended by an additional two months until February 15th.
The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after a prison sentence in Montenegro for using falsified travel documents.
Believed to be responsible for the TerraUSD stablecoin disaster, Do Kwon's detention in Montenegro has been extended until mid-February.
Terraform Labs co-founder Do Kwon's custody in Montenegro has reportedly been extended by two months, Barron's reported on Dec. 12. According to the report, Marija Rakovic, a spokesperson for the High Court, confirmed that the “extradition custody of Do Kwon [has been] expanded by two months.
The Terra Luna Classic community votes on another proposal related to burning 800 million TerraClassicUSD (USTC). The proposal aims to burn funds from the Risk Harbor (formerly Ozone Protocol) multisig wallet through an update to Terrad client.
This analysis will delve into LUNC's recent price movements and shed light on three additional altcoins that might be gearing up for potential surges in the weeks ahead. Terra Classic (LUNC) Holds Steady After Recent Dip As of the latest update, LUNC is stabilizing around the $0.000183 mark, showcasing a recovery over the past 12 hours.
A Montenegro court has extended the custody of Terra founder Do Kwon by two more months, while South Korea and the U.S. remain seeking his extradition.
The impact extends to related tokens, with both Terra Classic USD (UST) and Terra (LUNA) experiencing equal price decreases. Terra Classic Token Faces Fluctuations After a Month of Surging Prices Over the last month since November 11, Terra Classic Token (LUNC) has experienced a remarkable parabolic surge.
Both the Shiba Inu and the LUNC tokens have seen their growth hindered by the fact that their circulating supply is incredibly large. As a way to curb this, both communities have come up with a burn initiative to reduce the supply of the tokens as much as possible.
A Seattle district court ruled out CZ's departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon's extradition.
Terra Luna Classic community burns massive amounts of LUNC tokens to reduce the supply and revive the ecosystem. One of the top validators submitted a proposal to improve the recently implemented dynamic minimum commission (dyncomm) mechanism for validators.
The cryptocurrency market is experiencing a retracement, with several altcoins seeing double-digit declines. Terra Classic's price, after reaching highs of $0.000278, has retraced by 36%, now trading at $0.00018 on Monday.
The crypto market is giving back the gains with some altcoins falling in double-digits. Terra Classic price has from the time it hit highs of $o.000278, retraced by 36% to trade at $0.00018 on Monday.
