The high court in Podgorica, Montenegro, decided to extradite Terra co-founder Do Kwon. At the end of the trial, the court sentenced Do Kwon and Han Chang-joon, former executives of Terraform Labs, to four months in prison in the passport forgery case. Additionally, the Montenegrin supreme court rejected the managers’ appeal.
Montenegrin Minister will put an end to the extradition of the founder of Terra!
The high court in Podgorica, Montenegro, ordered the extradition of Terra co-founder Do Kwon, according to a court application filed on November 24. The court said, “The legal prerequisites for the extradition of defendant KDH, a citizen of the Republic of South Korea, have been met upon the request of the Ministry of Justice of the Republic of Korea.” said. Similarly, at the request of the US State Department, authorities also met the legal prerequisites for Do Kwon’s extradition.
Both South Korea and the United States have the right to extradite Do Kwon to their countries. However, Terra founder Do Kwon consented to his extradition to his home country. Therefore, in case of possible extradition, Minister of Justice Andrej Milović will decide which country has priority. Milović spoke about the extradition of Do Kwon in a television program he attended yesterday. Milović said the decision on whether to extradite to the United States or South Korea was political. Therefore, he stated that the refund would take some time. In this context, Milović made the following statement:
The United States is our main foreign policy partner, and we want to sign a bilateral extradition agreement as soon as possible to create a legal framework for future extraditions.
US court backs SEC
After considering all of the parties’ briefs and the arguments and answers presented at the hearing, Judge Rakoff ruled in favor of the SEC. At the Daubert hearing, the judge approved two experts from the SEC and one expert from Terra Labs. The case is advancing for summary judgment.
LUNA and LUNC price performance
Meanwhile, Terra (LUNA) and Terra Classic (LUNC) prices have increased greatly in recent days. As you follow from Kriptokoin.com, LUNA made a big explosion during the month. In this process, the altcoin jumped from $ 0.47 to $ 0.85. However, it later lost altitude. Despite this, LUNA is currently sitting on a 43.5% gain on its monthly chart. LUNC, the other token of the ecosystem, also saw significant increases, although not as much as LUNA. LUNC gained over 21% on its monthly chart. However, both tokens have seen declines over the past 24 hours.
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