Montenegro has denied South Korea's extradition request for Do Kwon, confirming the Terra Luna founder will be extradited to the US.

Do Kwon, co-founder of Terraform Labs, will soon face fraud charges in the United States after Montenegro approved his extradition.

Montenegro's Minister of Justice has decided to extradite Do Kwon, the founder of Terraform Labs, to the United States, bypassing South Korea's competing request.

In a decision that concludes a series of prolonged legal proceedings, Montenegro's Minister of Justice, Bojan Božović, has signed an order for the extradition of Terraform Labs co-founder Do Kwon to the United States.

Montenegro has agreed to Do Kwon extradition to the US after a lengthy legal battle over competing extradition requests from the US and South Korea.

Montenegro has approved Do Kwons extradition to the US, where the Terraform Labs founder will face fraud charges tied to the $40 billion collapse of LUNA and UST. Meanwhile, the LUNC community accelerates its burn efforts as Terraform Labs moves closer to liquidation.

Montenegro's Minister of Justice officially signed the order to have Terraform Labs co-founder Do Kwon handed over to U.S. authorities to face charges in New York. The decision to extradite Kwon to the US rather than his native South Korea comes after Montenegro's Constitutional Court dismissed the disgraced Terra founder's appeal.

Bitcoin holds above $96,000 while investors turn to AI and DeFi tokens for growth opportunities, and Bitget to burn 40% of total supply of BGB.

Montenegro's Minister of Justice, Bojan Božović, has signed an order to extradite Terraform Labs co-founder Do Kwon to the US. Montenegro's Supreme Court recently determined that all legal conditions for Kwon's extradition had been met.

Montenegro has approved the extradition of South Korean crypto entrepreneur Do Kwon to the U.S., concluding lengthy legal disputes over his role in the $60 billion collapse of the Terra-Luna blockchain. The post Montenegro Approves Do Kwon's Extradition to the US for Prosecution appeared first on Cryptonews.

Disgraced Terra (LUNA) founder Do Kwon is reportedly going to be extradited to the US after losing an appeal in a Montenegrin high court.

Montenegro's Minister of Justice, Bojan Božović, said in a statement he approved the Terraform founder's extradition to the U.S. rather than South Korea.

Montenegro's Minister of Justice, Bojan Božović on Friday authorized the extradition of Terraform Labs co-founder Do Kwon to the United States, concluding months of legal wrangling over competing extradition requests from the U.S. and South Korea. What Happened: The ruling follows a decision earlier this week by Montenegro's Constitutional Court, which denied Kwon's appeal against a September Supreme Court decision.

Montenegro's Justice Minister has approved the extradition of Do Kwon to the United States, marking a significant step in holding the Terraform Labs founder accountable for his crimes.

Do Kwon was apprehended by law enforcement in Montenegro in June 2023 after attempting to flee the country with a false passport.

Montenegro approves Do Kwon extradition to the US for charges linked to TerraUSD's collapse, following a Supreme Court ruling. The post Do Kwon to be extradited to US, Montenegro's justice minister confirms appeared first on Crypto Briefing.

Do Kwon, the mastermind behind the TerraUSD and Luna disaster that obliterated $40 billion in crypto, is finally heading to the United States to face justice. Montenegro's Minister of Justice, Bojan Božović, signed the extradition order, prioritizing the U.S. request over South Korea's.

After series of back and forths, Terraform Labs co-founder Do Kwon will finally be extradited to the United States. According to a report from local media platform Vijesti, the Montenegrin Justice Minister Bojan Bozovic signed the extradition orders, potentially ending the uncertainty that has trailed the case since 2022.

According to local reports, Montenegro's Minister of Justice has signed an order to extradite Terraform Labs founder Do Kwon to the United States, rejecting South Korea's request for extradition. South Korean authorities accuse Kwon of misleading investors and concealing assets.

Minister of Justice Bojan Božović approved extraditing Terraform Labs founder Do Kwon to the United States.

This follows the Supreme Court ruling earlier this year to delegate the final decision making authority to the Justice Minister.

In a latest deveopment, Minister of Justice Bojan Božović has signed the decision ordering the extradition of Do Kwon to the United States of America (USA), as per a report from Vijesti.

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.

Story Highlights The live price of the LUNC crypto token is . Terra Classic price is expected to reach as high as $0.000675 by the end of 2024. LUNC price could surge to a maximum of $0.00212 by the end of 2030.

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.

LUNC burns 20M tokens daily, reaching 394B total burned, while the price stabilizes at $0.00011. What's next?

This partnership marks an innovative move as Luna takes on a key role: running Story Protocol's Twitter account. The best part?

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.

The Terra Luna Classic community is voting on the controversial proposal to increase the burn tax from 0.5% to 1.5% again. This can significantly boost LUNC and USTC burn rates, increase funds in the Community pool and Oracle pool, and trigger a rally in LUNC price.

Digital asset exchange Binance has supported a major Terra Luna Classic upgrade on its platform. Recently, Terra has rolled out new updates as the community tries to revive the ecosystem after the infamous implosion in 2022 that saw huge losses.

Major cryptocurrency exchanges, led by Binance, are supporting Terra Classic's v3.3.0 network upgrade, which introduces automated tax handling and improved developer tools while maintaining steady progress in token burning initiatives.

The world's largest crypto exchange Binance on Tuesday said it will support the Terra Classic (LUNC) network scheduled for today. The v3.3.0 upgrade is crucial for the chain and the community for tax handling and boosting utility by attracting developers and projects.

LUNC News: Terra Luna Classic has started voting on the major proposal to update the CoinMarketCap dashboard with valid details. This comes ahead of the major v3.3.0 upgrade related to simplifying tax handling and increasing utility.

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.

LUNC price recovery accelerated this week as it jumped to its March highs. A forming technical chart points to a potential 60% jump, a view that is supported by the ongoing Terra Classic token burn.