đš Montenegro Rejects Do Kwon's Appeal: US Extradition Nears âïžđČđȘ
In a major legal development, Montenegro has denied Do Kwonâs appeal to block his extradition, moving him closer to being sent to the US for prosecution over the collapse of the Terra (LUNA) ecosystem.
đ What Happened?
Do Kwon, co-founder of Terra, was arrested in Montenegro earlier this year for his alleged role in fraud and the collapse of Terra. Investors faced massive losses, and the crypto market was heavily impacted. đ„đž
Kwon filed an appeal to avoid extradition to the US, where he faces serious charges. However, Montenegroâs court has rejected the appeal, clearing the path for extradition. đâïž
đź Whatâs Next?
With the appeal denied, Do Kwon is likely to be extradited to the US soon.
US authorities are holding him accountable for his alleged role in the $60 billion collapse of Terra and its stablecoin, UST. đ°
If convicted, he could face severe penalties for defrauding investors. đŒ
đ Legal Battle Intensifies:
This decision marks a turning point in the case. As the crypto community watches closely, the looming extradition could set a precedent for accountability in crypto. đšđ
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