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Do Kwon’s Extradition: Details and Expected Decisions

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3 hours ago

The situation surrounding Do Kwon, crucially involved in the Terra collapse, intensifies amid legal complexities surrounding his extradition.

Development Around Do Kwon

Do Kwon, deemed guilty by court, must answer many questions. The Terra founder previously launched another algorithmic stablecoin project, which ultimately failed, before introducing UST and LUNA, offering 20% APY to investors.

Local courts are making decisions that higher courts are overturning.null

LUNA News

The launch of LUNA and UST came with risks, realized through the stablecoin's collapse during price fluctuations, leading to many crypto investors' bankruptcies in mid-2022.

Awaited Developments

Montenegro’s Minister of Justice stated that a decision regarding Do Kwon's extradition will be announced by the end of Sunday. Despite a prolonged process, announcements on potential extradition to South Korea or the US are expected soon.

Final decisions on Do Kwon's extradition are expected soon, potentially reshaping the situation around him.

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