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.

Do Kwon, the founder of Terraform Labs allegedly used electronic devices, including a laptop and phone, to conduct cryptocurrency transactions from within his prison cell. While Kwon is detained in Spuž prison questions are mounting over how he may have handled his crypto assets even in detention.

Terra Luna Classic price has been trending upward since July, making higher highs except for the unexpected market-wide August 5 crash. However, following the development of the Terraform Labs (TFL) case and the subsequent liquidation of the company, Avalanche is seeking to buy back all the $60 million AVAX tokens that the Luna Foundation Guard

Avalanche Foundation is planning to buy back 1.97 million AVAX tokens which was previously sold to Luna Foundation Guard (LFG) in early 2022.

The Avalanche Foundation is set to buy back nearly 2 million AVAX tokens sold to Terra just before its collapse in 2022. This transaction, which awaits approval from a bankruptcy court, marks a new chapter in the tumultuous history of the crypto market.

The Avalanche Foundation is set to repurchase 1.97 million Avalanche (AVAX) tokens that were sold to the Luna Foundation Guard (LFG) in April 2022, just one month before the Terra blockchain ecosystem collapsed.

Avalanche Foundation has agreed with Luna Foundation Guard (LFG) to buy back all AVAX tokens it sold to LFG in April 2022 as part of the cooperation efforts between the two projects and to improve the foundation's liquidity. According to the post on X, the repurchase plan is now awaiting court approval.

Avalanche Foundation repurchases 1.97M AVAX tokens from Luna. The move protects the tokens from liquidation during LFG's bankruptcy.

The AVAX price has surged by a staggering 10% in the last few hours after the recent announcement by the Avalanche Foundation of a repurchase agreement with the Luna Foundation Guard (LFG) – the entity associated with Terra blockchain – to buy back all tokens sold back in 2022. This has pushed AVAX closer to

According to some analysts, the crypto LUNC of the Terra Luna Classic project could soon experience a strong bull phase.

LUNC News: The Terra ecosystem tokens rallied today after Terra Luna Classic completed the major update needed for the long-anticipated Tax2Gas feature implementation. Meanwhile, the proposal for an upgrade to v3.1.6 has passed with 100% votes in favor of it.

The world's largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices.

Will these grandiose USTC burns linked to TFL bankruptcy have a long-lasting impact on Terra Luna Classic's chain?

LUNA and LUNC rally as USTC burn proposal boosts market confidence with surging volumes and bullish sentiment.

LUNC price is showing signs promising signs of potential additional gains ahead of the upcoming Binance burn event. Recent analysis suggests that the asset could see a significant rise, especially since it just broke out of a bullish reversal pattern.

The Terra Luna Classic community votes on another security upgrade proposal. This upgrade includes a security patch to wasmvm and an improvement on the gas simulation of taxable transactions.

Story Highlights The live price of the LUNC crypto token is . Terra Classic price is expected to reach as high as $0.000488 by the end of 2024. LUNC price could surge to a maximum of $0.00212 by the end of 2030. With the crypto market crossing the $2.

LUNC News: The Terra Luna Classic community has recently initiated a USTC burn proposal, which has gained notable traction from the market participants. This initiative follows TerraForm Labs' recent move to wind down its operations and burn remaining assets, which has noted significant attention from the community members.

Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.

Why are Binance's lately accelerated Terra Luna Classic burns not driving immediate price appreciation?

The alleged use of Do Kwon's extradition for an airport deal could undermine trust in Montenegro's political and judicial integrity. The post Do Kwon's extradition used as pressure in Montenegro-South Korea airport negotiations, claims former justice minister appeared first on Crypto Briefing.

LUNC News: Terraform Labs (TFL) on Wednesday revealed their plan regarding the shutdown of operations and its products and services in case negotiations with 3rd parties fail. The beleaguered company and CEO Chris Amani confirmed receiving an order from the bankruptcy court to wind down operations after the SEC settlement.

The shutdown of Terraform Labs sets an important standard for how bankruptcies are handled in the crypto industry, and will likely influence future bankruptcy cases.

The Terra Luna Classic (LUNC) community has passed a crucial proposal to solve governance and stability issues. Over 85% of the voters favored the proposal, reflecting enormous interest in the suggested modifications. Meanwhile, attention switched to LUNC price performance amidst these developments, with analysts predicting notable rallies amid the optimism and Binance's token burn initiative.

The Terra Luna Classic community has recently approved a major proposal, sparking market speculations. According to the update, the approved proposal focuses on tackling issues related to governance and stability, fueling discussions over its potential impact on LUNC price.

Crypto exchange Binance performed LUNC burn mechanism multiple times this month, sparking speculation in the Terra Luna Classic community. The exchange is the largest contributor, with 64.47 billion LUNC burned until now to support the revival of chain and price.

Terraform Labs has gained court approval to wind down its operations in bankruptcy after reaching a settlement with the U.S. Securities and Exchange Commission (SEC), as reported on September 19.

Montenegro's Supreme Court says both the US and South Korea have met the requirements to request Do Kwon's extradition for criminal charges.

LUNC News: Over 726 million USTC were burned after the Terra Luna Classic community approved proposal 12135 to burn tokens in Anchor Protocol via contract migration. With Terraform Labs (TFL) cleared to wind down operations by a US bankruptcy court, the community expects billions of LUNC and USTC burns from related projects.

How did the U.S. bankruptcy court's approval of Terraform Labs' wind-down plan affect Terra Luna Classic and LUNA prices?

The approval marks the final step in Terraform's Chapter 11 bankruptcy proceedings.

According to Montenegro's Supreme Court, the US and South Korea had both met the conditions for applying for Do Kwon's extradition to face criminal charges.

Some crypto observers have sounded the alarm on Solana (SOL), comparing the blockchain network to the ill-fated Terra token, Luna (LUNA), which collapsed in 2022, fueling a crisis that gripped the whole crypto industry.

The company behind TerraUSD and Luna could shell out up to $442 million to investors.

TL;DR Terraform Labs Shutdown: Terraform Labs, the company behind Terra (LUNA) and TerraUSD (UST), has received court approval to wind down operations after a $40 billion collapse in 2022. SEC Settlement: The U.S. Bankruptcy Judge approved a bankruptcy plan involving nearly $4.5 billion in penalties, with co-founder Do Kwon personally liable for $204 million.

Terraform Labs, the creator of the Terra blockchain protocol, has secured court approval to proceed with its bankruptcy wind-down.

The Terraform Labs startup is on track to wind down its operations after receiving the approval from Judge Brendan Shannon.