Do Kwon's extradition appeal has been rejected by Montenegro's Constitutional Court, leaving the final decision on his transfer to South Korea or the U.S. to the country's justice minister.

A Montenegrin court upheld the extradition of Do Kwon, founder of Terra Labs. The U.S. and South Korea both requested extradition, and a Montenegro minister will decide which country gets him. Montenegro Minister to Decide Do Kwon's Next Destination The Montenegrin Constitutional Court unanimously dismissed jailed Terra Labs founder Do Kwon's appeal against his extradition.

The court rejected Do Kwon's appeal of a Supreme Court ruling that gave the Justice Minister authority over his extradition.

Montenegro's Constitutional Court has rejected an appeal by Do Kwon, the co-founder of Terraform Labs, against his extradition. This decision removes a significant legal barrier in the extradition process.

The court's unanimous verdict essentially upheld an earlier finding supporting Kwon's extradition. Kwon's legal destiny is now hanging in the balance after the Montenegrin court's ruling.

The SEC and Terraform Labs reached a $4.47 billion penalty, thereby settling charges over the collapse of TerraUSD and Luna tokens.

Montenegro's Constitutional Court has rejected an appeal by crypto mogul Do Kwon, paving the way for a decision on his extradition to either the U.S. or South Korea.

Montenegro's Constitutional Court has rejected an appeal by Do Kwon, co-founder of Terraform Labs, against his extradition ruling. This ruling solidifies the authority of the country's Minister of Justice to decide Kwon's fate—whether Kwon will be extradited to South Korea or the United States to face charges.

Montenegro's Constitutional Court rejects Do Kwon's appeal, reinforcing his extradition amid dual US and Korea claims.

Montenegro's Constitutional Court has rejected an appeal by Kwon Do-hyeong, widely known as Do Kwon. The post Montenegro's Constitutional Court Rejects Do Kwon's Appeal Against Extradition Verdict appeared first on Cryptonews.

The Securities and Exchange Commission has charged a subsidiary of Jump Crypto, Tai Mo Shan Limited, with misleading investors about Terra USD (UST) after the stablecoin lost its $1 peg. The regulator alleges that Tai Mo Shan participated in trading designed to create the false impression UST's advertised algorithm solely sustained its price.

The SEC fined Tai Mo Shan Limited, a wholly owned subsidiary of Jump Crypto Holdings, $123 million for misleading investors about the stability of Terra USD, an alleged “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform).

A contentious proposal within the Terra Luna community seeks to increase the burn tax from 0.5% to 1.5%, with community members divided over its potential impact on network activity and token value.

Director Harry Hyun said the movie will portray “the reality of young people who are addicted to stocks during the day and coin speculation at night.”

Story Highlights The live price of the LUNA token is . LUNA price might hit a maximum of $0.95 in 2024. Terra LUNA 2.0 price with a potential surge, could go as high as $4.98 by 2030.

Luna's breakout fuels optimism, but critical resistance and market sentiment will determine its trajectory.

LUNA's price surged 30.58% in 24 hours, breaking out of its descending channel and approaching resistance at $0.895, with technical indicators and increased social interest supporting the upward movement.

Digital assets hovered in the green on Thursday as Bitcoin finally hit the $100,000 milestone, currently trading at $102,835. Terra Luna joined the upside journey, soaring 21.13% on its daily chart as it climbed from $0.6520 to $0.7898.

LUNA's golden cross and breakout suggested a potential rally towards $1.50.

Virtuals Protocol, a decentralized platform that allows users to create, own, and monetize AI agents across various virtual environments, is seeing over 1,000 tokens being created every day.

Binance has again extended its care for the Terra community following Terraform Labs' bankruptcy. According to the latest announcement, the leading crypto exchange has expanded leverage for trading LUNA by four times. Binance raises LUNA leverage to 75x The Terra Luna community sees more bullish news amid continued broad market rallies.

Bitcoin has begun it's journey to achieve the much-awaited milestone at $100K. Meanwhile, the top altcoins have also begun to swell. Etheruem strongly sustains above $3600, displaying huge possibility of reaching $4000 in a short while.

LUNC News: The world's largest crypto exchange Binance has increased leverage by four times for Terra (LUNA) trading. The move comes as the exchange extended support for the Terra Luna community amid the bankruptcy of Terraform Labs.

Terra Luna Classic price has risen gradually after bottoming in August, and analysts are optimistic that it has more upside. Terra Luna Classic (LUNC), the remnant of the collapsed Terra network, climbed to $0.

While the SEC touts its enforcement as a win for investors, the crypto industry is rejoicing over Chair Gary Gensler's imminent departure.

Terraform Labs' near $4.5 billion settlement with the SEC has contributed to a record year for the agency's financial penalties.

Terraform Labs' $4.5 billion settlement with the SEC contributed to a record year for the agency's financial penalties.

The Securities Exchange Commission (SEC) obtained orders for $8.2 billion in remedies for the 2024 fiscal year, a record high for the regulatory agency. This is a 67% increase from the $4.9 billion in financial penalties that it collected in 2023.

Terra Classic (LUNC) joined the latest rally that saw Bitcoin topping $80K for the first time in history. As altcoin bulls flexed their muscles, LUNC gained over 20% on its weekly chart. Ecosystem developments such as intensified token burns and broad market rallies contributed to LUNC's prevailing performance.

The Avalanche Foundation has finalized the repurchase of 1.97 million AVAX tokens previously held by the now-defunct Luna Foundation Guard (LFG). The post Avalanche Foundation Buys Back 1.97M AVAX Tokens from Luna Foundation Guard appeared first on Cryptonews.

A bankruptcy court has allowed the Avalanche Foundation to buy back 1.97 million AVAX tokens it sold to the defunct Luna Foundation Guard.

Amid increased price volatility in the crypto market, the Terra 2.0 has regained momentum. Moreover, it has surged ~45% from its low of $0.2513 over the past three months. Will Terra 2.

The Terra Classic community is preparing for a supply shock that the LUNC coin could soon face. This is based on a court settlement that has mandated Terraform Labs to burn the tokens in their possession.

Do Kwon's extradition decision is reportedly nearing completion, with Montenegro's Justice Minister indicating that an announcement will be made by Sunday.

Exposing Terra's shadows: Do Kwon secretly made crypto transfers In Jail as Montenegro pondered over extradition.

Do Kwon's extradition has been delayed again, to the surprise of the Justice Ministry.

Montenegro plans to finalize Do Kwon's extradition by the end of this week. Montenegro convicted Do Kwon of forgery, and he served a six-month sentence.

Do Kwon's extradition process begins, raising concerns about Terra Luna's future and potential impacts on Luna crypto investors.

Montenegro is set to decide on the extradition of Do Kwon, co-founder of Terraform Labs this week, as confirmed by the Justice Minister.

Terraform Labs co-founder Do Kwon's legal case is approaching a key moment as his extradition process is reportedly nearly complete. Authorities are set to make a decision by Sunday, Oct. 20.

Yet another legal drama involving Do Kwon, the co-founder of Terraform Labs, is reaching a decisive moment. Montenegrin officials have confirmed that the extradition process is in its final stages, with a ruling expected by Sunday, October 19.

Montenegro's Minister of Justice, Bojan Božović, announced that a decision on Do Kwon extradition will be finalized and signed by the end of the week.

Montenegro's Justice Minister Bojan Božović confirmed that a decision had been reached regarding the extradition of Do Kwon, the co-founder of Terraform Labs. According to local media reports on Oct. 17, the extradition process will be signed by the end of this week.

According to Montenegrin media reports, Do Kwon's extradition process may soon conclude, with a decision expected by Sunday, Oct. 19. On October 17, Minister of Justice Bojan Bozovic confirmed that the government chose the destination for extraditing the Terraform Labs co-founder, whom both the US and South Korea want on charges related to cryptocurrency fraud.

Do Kwon's extradition chapter may be finalized as soon as Sunday, Oct. 19, according to local Montenegrin media.

In a developing story surrounding Do Kwon, the co-founder of the collapsed Terraform Labs blockchain, new investigative reports suggest he may have conducted cryptocurrency transactions while in custody in Montenegro. This revelation follows a lengthy period during which authorities reportedly took 72 days to seize his electronic devices and wallet access codes after his arrest.

The key organization backing the Avalanche (AVAX) blockchain ecosystem is announcing plans to repurchase crypto assets sold to the nonprofit behind the Terra (LUNA) protocol in the first half of 2022.