• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Do Kwon's Extradition: Montenegro Court Decides in Favor of the U.S.

user avatar

by Giorgi Kostiuk

a year ago


Montenegro signed the extradition order for Do Kwon to the U.S., marking a pivotal moment in the crackdown on cryptocurrency-related financial crimes.

The Decision: U.S. Over South Korea

Montenegro's Supreme Court approved the extradition of Do Kwon to the United States after a thorough review of requests from the U.S. and South Korea. The Justice Ministry noted the seriousness of the crimes and the order of requests, which ultimately favored the U.S.

Numerous factors, including the seriousness of accusations and the order of requests, were considered.

The TerraUSD and Luna Collapse: A Ripple Effect

In May 2022, the collapse of Do Kwon's digital tokens, TerraUSD and Luna, led to global financial losses amounting to $40 billion, leaving investors at a loss. Investigations revealed Kwon's key role in misleading investors and hiding wealth, criticized as intentional deceit.

The Do Kwon Arrest and Detention in Montenegro

Do Kwon and his partner were arrested at Podgorica Airport in March 2023 while trying to leave for Dubai with forged passports. After four months in Montenegrin prison, he was handed over to the foreign nationals' inspection and is now awaiting extradition to the U.S.

Do Kwon's extradition to the U.S. represents a significant step towards justice for many affected investors and the broader crypto industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Binance Addresses Allegations Amidst Major Crypto Liquidation

chest

Binance co-CEO Richard Teng addresses allegations regarding the exchange's involvement in the significant liquidation wave in crypto markets on October 10, emphasizing that external factors were the primary cause.

user avatarArif Mukhtar

Ethereum Whales Continue Accumulation Amid Price Decline

chest

Ethereum whales are accumulating ETH despite price decline, indicating a bullish outlook.

user avatarMaria Gutierrez

XRP Poised for Major Bullish Structure Shift

chest

Crypto analyst ChartNerd suggests that XRP is on the verge of a significant bullish shift, contingent on maintaining its price above $1.

user avatarDavid Robinson

Howland Capital Management Increases Stake in Apple

chest

Howland Capital Management LLC has increased its stake in Apple stock by 58%, purchasing 29,015 shares and raising total holdings to 527,531 shares, valued at approximately $145 million.

user avatarAndrew Smith

Apple Stock Approaches Technical Buy Point

chest

Apple stock is nearing a breakout pattern with a technical buy point identified at 288.62.

user avatarJacob Williams

Two Israelis Charged with Insider Trading on Military Operations

chest

Two Israelis, an IDF reservist and a civilian, have been charged with using classified military information to place bets on Polymarket regarding Israel's military operations.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.