The Montenegro Appeals Court Rejects Do Kwon’s Extradition Appeal
The Montenegro appeals court has denied Terraform Labs founder Do Kwon’s appeal to oppose his extradition to South Korea. This decision comes following Kwon’s attempt to challenge the extradition approval on charges related to his cryptocurrency company’s collapse in May 2022. Kwon’s fate to be sent to South Korea has been confirmed by the higher court in Montenegro.
Do Kwon’s Future Post March 23
Currently detained in Montenegro for falsifying documents, Do Kwon is serving a four-month sentence. Once this sentence concludes on March 23, he is expected to be extradited to South Korea. The confirmation of Kwon’s extradition destination has been verified by Goran Rodic, Kwon’s lawyer in Montenegro.
- Kwon’s sentence ends on March 23, after which he will be extradited to South Korea.
- The U.S. is set to challenge the decision of the Montenegrin Court regarding Kwon’s extradition.
- International bodies like Interpol have been monitoring Kwon post the Terra collapse.
LUNA Token Performance Amidst Turmoil
Following the news about the Terra ecosystem and Do Kwon’s extradition, the value of the LUNA token has been on a downward slope. Regulatory scrutiny and negative reports have contributed to a 22% decrease in its value over the past week, dropping below $1.
- The declining trend in LUNA’s price is a result of recent events impacting investor sentiment.
- Analysts have revised their targets for the future price of LUNA due to its recent price fluctuations.
Hot Take: Stay Informed About Do Kwon’s Extradition and LUNA Token Performance
Keep yourself updated on the latest developments surrounding Do Kwon’s extradition case and the impact it has on the LUNA token’s value as the situation continues to unfold. Stay vigilant and informed to make well-informed decisions in the ever-evolving crypto landscape.
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