In a major development in the legal saga surrounding Terra Luna founder Kwon Do-Hyung, also known as Do Kwon, reports indicate that he will be extradited to the United States. According to the Wall Street Journal, Montenegro has privately confirmed its intention to send Do Kwon to the United States to face criminal charges. Following this news, the tokens of the Terra ecosystem began to decline.
Montenegrin Supreme Court approves Do Kwon’s extradition to the USA
As you follow on Kriptokoin.com, the events that led to this extradition decision started in March. Terra founder Do Kwon was caught trying to leave the country with fake documents. After this, the court where he was brought issued an arrest warrant. Once a leading figure in the digital asset industry, Do Kwon’s reputation was damaged due to his involvement in the manipulation of the Terra USD stablecoin. This led to a series of criminal complaints against him. In addition, the massive $40 billion collapse associated with his actions prompted prosecutors in both the United States and South Korea to seek his prosecution.
Details coming
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