Terraform Labs Co-founder Do Kwon’s Extradition Revoked in Montenegro
Terraform Labs co-founder Do Kwon’s case in Montenegro has been sent back to the first-instance court for retrial and decision after his appeal against the extradition orders was accepted. The anticipation of strict actions against Kwon following his arrest in Podgorica, the capital city of Montenegro, has been met with frustration as his extradition has been revoked.
Appeal Accepted by Montenegro’s Court of Appeal
Montenegro’s Court of Appeal has accepted Do Kwon’s appeal against the extradition decision. This comes after Kwon appealed the court’s decision on December 6, stating that he did not accept it.
Violation of Criminal Procedure Laws
The investigation judge only informed Do Kwon about South Korea’s request for his custody, while his opinions were not heard regarding the United States’ extradition request. This is considered a significant violation of Montenegro’s criminal procedure laws.
Allegations of Corruption
As news of the court canceling Do Kwon’s extradition spread, some community members alleged corruption. Last week, the court extended a two-month jail term for Kwon due to the extradition appeal.
Price Surge for Terra Luna Classic (LUNC)
Following the revocation of Do Kwon’s extradition, the price of Terra Luna Classic (LUNC) experienced a significant surge of 17%.
Hot Take: Court Revokes Do Kwon’s Extradition Resulting in Price Surge for Terra Luna Classic (LUNC)
The revocation of Do Kwon’s extradition by Montenegro’s Court of Appeal has had a notable impact on the price of Terra Luna Classic (LUNC), leading to a surge of 17%. This decision comes after Kwon’s appeal against the extradition orders was accepted, and his case will now be retried in the first-instance court. While some community members have raised concerns about potential corruption, others are pleased with this outcome. The future proceedings will determine the final decision regarding Kwon’s custody and further actions. Investors and observers will continue to monitor the situation closely as it unfolds.
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