After informing that Do Kwon would be sent to the United States, Montenegro confirmed the extradition of the founder of Terra (LUNA). We take stock.
Do Kwon was extradited to the United States
A few days ago, we shared Montenegro's decision to extradite Do Kwon to the United States. The founder of the Terra ecosystem (LUNA) had actually been detained in the country since 2023, when he had been checked in possession of false identity documents and was the subject of an international arrest warrant following the mid-flight explosion of the UST almost 3 years ago.
In recent days, Montenegrin justice has put an end to the suspense to find out who from the United States or South Korea would be granted the extradition of Do Kwon. According to Reuters, this took place on Tuesday. It was therefore with a “trip” by plane that Do Kwon ended the year 2024, after being handed over to FBI agents at Podgorica airport.
Being the subject of several charges in the United States, notably brought by the Securities and Exchange Commission (SEC), the coming days should give us more information on the future of the person concerned.
After the crypto ecosystem lost $40 billion in the collapse of LUNA and the UST stablecoin, Do Kwon is, among other things, being prosecuted for securities law violations and wire fraud, although the The details of the charges against him should become clearer soon.
🎬 Dive back into the issues that followed the collapse of Terra (LUNA):
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Sources: Reuters, Image: Free Malaysia Today (CC BY 4.0)
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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