dokwon
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Do Kwon may be at fault, but he wasn't a scammer. LUNA/USTC was attacked. The allegations against Jane Street are very serious. Jane Street is accused of manipulating all altcoins, including $BTC.
If Jane Street is found guilty, Do Kwon should be released. The Terra Classic community continues to follow the matter. They will fight for $LUNC and $USTC to the end.
#Bitcoin #TerraClassic #LUNC #TrumpStateoftheUnion #DoKwon $LUNC
If Jane Street is found guilty, Do Kwon should be released. The Terra Classic community continues to follow the matter. They will fight for $LUNC and $USTC to the end.
#Bitcoin #TerraClassic #LUNC #TrumpStateoftheUnion #DoKwon $LUNC
МИСТЕРИ МУН :
LUNA 0.01$
⚖️ THE TERRA COLLAPSE: TERRAFORM LABS SUES JANE STREET FOR INSIDER TRADING! 🕵️♂️💥
The ghosts of 2022 are back! In a massive legal move, Terraform Labs’ bankruptcy management is taking Jane Street to court. Is this the missing piece of the LUNA/UST collapse puzzle? 🧵👇
1️⃣ The Allegation: Insider Exploitation 📉💸
Terraform claims that Jane Street used non-public, internal information to profit during the catastrophic de-pegging of TerraUSD (UST) in 2022.
The Claim: Jane Street allegedly knew about Terraform’s internal liquidity decisions in advance.
The Action: They are accused of "front-running" the market to capitalize on the crash.
2️⃣ Market Manipulation? 🎭🌀
Representatives for Terraform argue that Jane Street leveraged its deep market connections to manipulate trades during one of the darkest events in crypto history. This wasn't just trading—it was predatory.
3️⃣ Jane Street Strikes Back 🛡️🗣️
The Wall Street giant isn't staying silent. They’ve dismissed the lawsuit as a desperate "cash grab" (vét tiền).
Their Stance: Jane Street maintains that the collapse was caused solely by massive fraud and mismanagement by Terraform’s own leadership.
4️⃣ The "Shadow" Behind Bitcoin? 🌑₿
Rumors are swirling that Jane Street has been a major force behind recent Bitcoin price volatility.
The Twist: Despite the friction, they remain a top buyer of Bitcoin ETFs and a holder of MicroStrategy stock. The irony is thick!
5️⃣ Not The First Target 🏹🏛️
This follows a similar lawsuit filed by Terraform against Jump Trading. It seems the legal team is intent on dragging every major player into the light.
Whose side are you on? Was it Jane Street's greed or Do Kwon’s failure? Let’s hear it! 👇
#TerraformLabs #Jane Street #LUNA #UST #CryptoLawsuit #InsiderTrading #CryptoHistory #DoKwon
The ghosts of 2022 are back! In a massive legal move, Terraform Labs’ bankruptcy management is taking Jane Street to court. Is this the missing piece of the LUNA/UST collapse puzzle? 🧵👇
1️⃣ The Allegation: Insider Exploitation 📉💸
Terraform claims that Jane Street used non-public, internal information to profit during the catastrophic de-pegging of TerraUSD (UST) in 2022.
The Claim: Jane Street allegedly knew about Terraform’s internal liquidity decisions in advance.
The Action: They are accused of "front-running" the market to capitalize on the crash.
2️⃣ Market Manipulation? 🎭🌀
Representatives for Terraform argue that Jane Street leveraged its deep market connections to manipulate trades during one of the darkest events in crypto history. This wasn't just trading—it was predatory.
3️⃣ Jane Street Strikes Back 🛡️🗣️
The Wall Street giant isn't staying silent. They’ve dismissed the lawsuit as a desperate "cash grab" (vét tiền).
Their Stance: Jane Street maintains that the collapse was caused solely by massive fraud and mismanagement by Terraform’s own leadership.
4️⃣ The "Shadow" Behind Bitcoin? 🌑₿
Rumors are swirling that Jane Street has been a major force behind recent Bitcoin price volatility.
The Twist: Despite the friction, they remain a top buyer of Bitcoin ETFs and a holder of MicroStrategy stock. The irony is thick!
5️⃣ Not The First Target 🏹🏛️
This follows a similar lawsuit filed by Terraform against Jump Trading. It seems the legal team is intent on dragging every major player into the light.
Whose side are you on? Was it Jane Street's greed or Do Kwon’s failure? Let’s hear it! 👇
#TerraformLabs #Jane Street #LUNA #UST #CryptoLawsuit #InsiderTrading #CryptoHistory #DoKwon
Zack Guzman, the journalist who has been closely following the TerraFormLabs and Do Kwon cases, posted a historic tweet:
"What's done in darkness will come to light."
This same tweet was also posted by Do Kwon after the LUNA/UST collapse. Could Do Kwon be pardoned depending on the outcome of the lawsuit filed by the TFL liquidation manager against Jane Street? This is already being discussed.
#LUNA #USTC #DoKwon #Terra #WhenWillCLARITYActPass $LUNC
"What's done in darkness will come to light."
This same tweet was also posted by Do Kwon after the LUNA/UST collapse. Could Do Kwon be pardoned depending on the outcome of the lawsuit filed by the TFL liquidation manager against Jane Street? This is already being discussed.
#LUNA #USTC #DoKwon #Terra #WhenWillCLARITYActPass $LUNC
有腿毛的萝莉:
起诉后多久法院开始受理开庭
Do Kwon was right. LUNA/UST was attacked. The lawsuit and evidence against Jane Street prove this. Do Kwon deserves to be pardoned.
$LUNC and $USTC , which collapsed as a result of the attack, must regain their former strength. The Terra Classic community is working towards this.
#JaneStreet #DoKwon #LUNC #WhenWillCLARITYActPass $LUNC
$LUNC and $USTC , which collapsed as a result of the attack, must regain their former strength. The Terra Classic community is working towards this.
#JaneStreet #DoKwon #LUNC #WhenWillCLARITYActPass $LUNC
jeancg:
la regunta es porq el movio 150 millones de dólares q no tenía ni odio mover ....
Jane Street, sued by TerraFormLabs Plan Manager, is alleged to have played a key role in the UST/LUNA crash.
They knew that Terra had withdrawn $150 million from Curve. Based on this information, they sold approximately $85 million worth of coins within minutes. This sale was the first and only major sale on record. Ultimately, it triggered the crash.
A critical lawsuit has been filed against Jane Street based on a transaction conducted using non-public information. Is Do Kwon actually a victim? Will what was done in the dark come to light? The outcome of the case will be critical.
#TerraLunaClassic #Terra #DoKwon #LUNC $LUNC
They knew that Terra had withdrawn $150 million from Curve. Based on this information, they sold approximately $85 million worth of coins within minutes. This sale was the first and only major sale on record. Ultimately, it triggered the crash.
A critical lawsuit has been filed against Jane Street based on a transaction conducted using non-public information. Is Do Kwon actually a victim? Will what was done in the dark come to light? The outcome of the case will be critical.
#TerraLunaClassic #Terra #DoKwon #LUNC $LUNC
⚖️ Traición en el corazón de Terra?
Acusan a Jane Street de usar información privilegiada para derribar el imperio de Do Kwon
El "golpe maestro" bajo sospecha
El colapso de #TerraformLabs , que borró miles de millones de dólares del mercado en 2022, acaba de dar un giro legal dramático. El administrador judicial de la firma ha demandado al gigante financiero #JaneStreet ante un tribunal federal de Nueva York, alegando que la empresa operó con ventaja desleal mientras el ecosistema se hundía.
La Acusación de "Insider Trading": La demanda sostiene que Jane Street tuvo acceso a información privilegiada no pública de personas cercanas a #terraform
Con estos datos, la firma se habría "adelantado" a los movimientos del mercado para asegurar ganancias masivas mientras el resto de los inversores perdía sus fondos.
El Momento Crítico del 7 de Mayo: Según los registros presentados, el ataque comenzó apenas unos minutos después de que Terraform retirara 150 millones de #TerraUSD (UST) del fondo de liquidez Curve. Billeteras vinculadas a Jane Street habrían retirado inmediatamente 85 millones de UST del mismo fondo para acelerar el desequilibrio.
Aprovechando el Caos: La demanda alega que Jane Street no solo reaccionó al mercado, sino que utilizó su posición institucional para "adelantarse a las operaciones" (front-running), obteniendo beneficios directos del colapso de la stablecoin algorítmica.
Impacto en el Caso Do Kwon: Esta revelación añade una nueva capa de complejidad al caso de #DoKwon . Si se demuestra que actores externos operaron con información confidencial, la narrativa sobre quién fue el responsable último del colapso de UST podría cambiar radicalmente en los tribunales.
$LUNA
$LUNC
Acusan a Jane Street de usar información privilegiada para derribar el imperio de Do Kwon
El "golpe maestro" bajo sospecha
El colapso de #TerraformLabs , que borró miles de millones de dólares del mercado en 2022, acaba de dar un giro legal dramático. El administrador judicial de la firma ha demandado al gigante financiero #JaneStreet ante un tribunal federal de Nueva York, alegando que la empresa operó con ventaja desleal mientras el ecosistema se hundía.
La Acusación de "Insider Trading": La demanda sostiene que Jane Street tuvo acceso a información privilegiada no pública de personas cercanas a #terraform
Con estos datos, la firma se habría "adelantado" a los movimientos del mercado para asegurar ganancias masivas mientras el resto de los inversores perdía sus fondos.
El Momento Crítico del 7 de Mayo: Según los registros presentados, el ataque comenzó apenas unos minutos después de que Terraform retirara 150 millones de #TerraUSD (UST) del fondo de liquidez Curve. Billeteras vinculadas a Jane Street habrían retirado inmediatamente 85 millones de UST del mismo fondo para acelerar el desequilibrio.
Aprovechando el Caos: La demanda alega que Jane Street no solo reaccionó al mercado, sino que utilizó su posición institucional para "adelantarse a las operaciones" (front-running), obteniendo beneficios directos del colapso de la stablecoin algorítmica.
Impacto en el Caso Do Kwon: Esta revelación añade una nueva capa de complejidad al caso de #DoKwon . Si se demuestra que actores externos operaron con información confidencial, la narrativa sobre quién fue el responsable último del colapso de UST podría cambiar radicalmente en los tribunales.
$LUNA
$LUNC
criptospan:
Hoje está com cara que Jane Street estará de volta as 10 hs. 🫠
👨⚖️Do Kwon 在美国加密货币庭审期间，对 Terra 生态系统崩溃拒不认罪
经过漫长的角逐，Terraform Labs 联合创始人 Do Kwon 于 12 月底被黑山当局同意美国的引渡请求。1 月 2 日，Do Kwon 在美国出庭，但面对与 TerraUSD（UST）稳定币 400 亿美元崩盘有关的欺诈指控，他表示不认罪。
Do Kwon 在曼哈顿接受了美国地方法院法官Robert Lehrburger的审讯，并同意继续拘留，不得保释。
目前，Do Kwon面临九项指控，包括电信、证券和商品欺诈，这些都与他在Terraform Labs代币LUNA和UST价格暴跌后导致公司倒闭有关。
时间回到2023年3月，Do Kwon因试图使用假护照旅行在黑山被捕。之后，他就一直留在黑山，这期间美国和韩国当局则在争夺对他的指控权。两国都指控他犯有欺诈罪，韩国则因其公民身份寻求引渡他。
Do Kwon 曾试图通过法律途径避免被引渡到美国，因韩国对金融犯罪处罚通常较轻。然而，黑山宪法法院于 12 月 26 日驳回了他的上诉，几天后，黑山司法部长签署引渡命令。12 月 31 日，黑山警方在波德戈里察国际机场将 Do Kwon 移交给美国当局。
现在，纽约检察官指控Do Kwon误导投资者了解Terra区块链的功能和采用率，直接导致了平台的灾难性崩溃。
值得注意的是，曼哈顿美国检察官办公室在去年就成功起诉了FTX联合创始人Sam Bankman-Fried，本次也负责审理Do Kwon的案件。
Do Kwon 此前在美国 SEC 提起的民事欺诈案中就被美国陪审团判定负有责任，并同意了 44.7 亿美元和解协议，之后 Terraform Labs 不得不申请破产。
本次听证会结束后，Do Kwon的律师拒绝发表采访评论。同时，下一次法庭会议定于1月8日举行，而本案可能为纽约南区备受瞩目的加密货币审判奠定基础。
随着Do Kwon的案件继续在法庭上展开，这不仅是他个人的战斗，也是整个加密货币世界密切关注的焦点。
#Terra #DoKwon #欺诈
经过漫长的角逐，Terraform Labs 联合创始人 Do Kwon 于 12 月底被黑山当局同意美国的引渡请求。1 月 2 日，Do Kwon 在美国出庭，但面对与 TerraUSD（UST）稳定币 400 亿美元崩盘有关的欺诈指控，他表示不认罪。
Do Kwon 在曼哈顿接受了美国地方法院法官Robert Lehrburger的审讯，并同意继续拘留，不得保释。
目前，Do Kwon面临九项指控，包括电信、证券和商品欺诈，这些都与他在Terraform Labs代币LUNA和UST价格暴跌后导致公司倒闭有关。
时间回到2023年3月，Do Kwon因试图使用假护照旅行在黑山被捕。之后，他就一直留在黑山，这期间美国和韩国当局则在争夺对他的指控权。两国都指控他犯有欺诈罪，韩国则因其公民身份寻求引渡他。
Do Kwon 曾试图通过法律途径避免被引渡到美国，因韩国对金融犯罪处罚通常较轻。然而，黑山宪法法院于 12 月 26 日驳回了他的上诉，几天后，黑山司法部长签署引渡命令。12 月 31 日，黑山警方在波德戈里察国际机场将 Do Kwon 移交给美国当局。
现在，纽约检察官指控Do Kwon误导投资者了解Terra区块链的功能和采用率，直接导致了平台的灾难性崩溃。
值得注意的是，曼哈顿美国检察官办公室在去年就成功起诉了FTX联合创始人Sam Bankman-Fried，本次也负责审理Do Kwon的案件。
Do Kwon 此前在美国 SEC 提起的民事欺诈案中就被美国陪审团判定负有责任，并同意了 44.7 亿美元和解协议，之后 Terraform Labs 不得不申请破产。
本次听证会结束后，Do Kwon的律师拒绝发表采访评论。同时，下一次法庭会议定于1月8日举行，而本案可能为纽约南区备受瞩目的加密货币审判奠定基础。
随着Do Kwon的案件继续在法庭上展开，这不仅是他个人的战斗，也是整个加密货币世界密切关注的焦点。
#Terra #DoKwon #欺诈
"I’ve always had faith in Do Kwon. He’s not a fraud but a visionary who created a brilliant system and was made a scapegoat for larger forces at play. I hope he’s fully exonerated and makes a strong comeback. He deserves justice. #LUNC #TERRACLASSIC #DoKwon
$LUNC
$LUNA
$LUNC
$LUNA
⚖️ Do Kwon Update ⚖️
Do Kwon will be extradited to South Korea to fully regain his freedom.
But here’s the truth: he will never officially return to the Terra / Terra Classic community under his own name.
💡 Remember: these chains are decentralized.
Do Kwon could always rejoin anonymously and start from scratch. Will he? Possibly. Do we need him? No.
In the end, there will always be an ownerless Terra Classic chain — powered by the community, not by one man.
$BTC LUNC and $BTC USTC remain the heartbeat of this blockchain.
Even if we don’t see him, I know Do Kwon will always be among us... 👀
#TerraClassic #LUNC #USTC #DoKwon $BTC LUNC
Do Kwon will be extradited to South Korea to fully regain his freedom.
But here’s the truth: he will never officially return to the Terra / Terra Classic community under his own name.
💡 Remember: these chains are decentralized.
Do Kwon could always rejoin anonymously and start from scratch. Will he? Possibly. Do we need him? No.
In the end, there will always be an ownerless Terra Classic chain — powered by the community, not by one man.
$BTC LUNC and $BTC USTC remain the heartbeat of this blockchain.
Even if we don’t see him, I know Do Kwon will always be among us... 👀
#TerraClassic #LUNC #USTC #DoKwon $BTC LUNC
🚨 Do Kwon Faces the Court!
After being extradited to the United States, Do Kwon appeared in court on Thursday and denied all charges. The case continues to draw global attention. ⚖️🌍
⚠️ Disclaimer: This is not financial advice. Always DYOR before making investment decisions.
#DoKwon
After being extradited to the United States, Do Kwon appeared in court on Thursday and denied all charges. The case continues to draw global attention. ⚖️🌍
⚠️ Disclaimer: This is not financial advice. Always DYOR before making investment decisions.
#DoKwon
$LUNC $USTC $LUNA 🎊🚨🌜🌜🎂🎂 mañana a 26/07/ es una fecha muy importante para los lunáticos ESPARTANOS 🐦🔥 #LUNC 06 años de batallas logros pero también tristezas 1,3$ seguimos avanzando construyendo nuestro futuro que no podrá ser más pospuesto #DoKwon pronto sabremos de él y #Binance también dará nuevas noticias sobre almuerzo
Do Kwon davasının karar duruşmaları 2026 yılının Ocak ayına ertelendi ancak önümüzdeki ay çok büyük bir konferanslı duruşma gerçekleşecek...
Nisan ayında olacak bu konferans'ta LUNA/UST çöküşünün tüm detayları konuşulacak ve tartışılacak.
Nisan ayında gerçekleşecek bu konferasta; Terra çok açık olmalıdır. Saldırıyı yapanları, kanıtlarıyla beraber ifşa etmelidir. TFL-SEC davasında bunu göremedik. Yapmadılar ancak Do Kwon davasında bunlar olmalıdır.
CZ'nin tweetini gördünüz. Artık kartları açık oynama zamanı...
#DoKwon #FTX #LUNC #USTC #LUNA $LUNC
Nisan ayında olacak bu konferans'ta LUNA/UST çöküşünün tüm detayları konuşulacak ve tartışılacak.
Nisan ayında gerçekleşecek bu konferasta; Terra çok açık olmalıdır. Saldırıyı yapanları, kanıtlarıyla beraber ifşa etmelidir. TFL-SEC davasında bunu göremedik. Yapmadılar ancak Do Kwon davasında bunlar olmalıdır.
CZ'nin tweetini gördünüz. Artık kartları açık oynama zamanı...
#DoKwon #FTX #LUNC #USTC #LUNA $LUNC
Supporting Do Kwon: A Visionary Who Deserves Justice
$LUNC
Throughout the events surrounding the Terra collapse, I’ve remained steadfast in my belief in Do Kwon. Contrary to the widespread narrative, I don’t view him as a fraud; instead, I see him as a visionary who developed an innovative system, one that was ahead of its time. While the project faced a catastrophic downfall, I believe the blame lies deeper, perhaps within larger, more complex forces that go beyond Do Kwon’s actions.
#DoKwon #VisionaryLeader #CryptoInnovation
$LUNC
Throughout the events surrounding the Terra collapse, I’ve remained steadfast in my belief in Do Kwon. Contrary to the widespread narrative, I don’t view him as a fraud; instead, I see him as a visionary who developed an innovative system, one that was ahead of its time. While the project faced a catastrophic downfall, I believe the blame lies deeper, perhaps within larger, more complex forces that go beyond Do Kwon’s actions.
#DoKwon #VisionaryLeader #CryptoInnovation
🚨 Do Kwon Pleads Not Guilty in Terra Fraud Case 🚨
Do Kwon, co-founder of Terraform Labs, has been extradited to the U.S. and is facing charges tied to the $40B Terra ecosystem collapse. Charges include securities fraud, wire fraud, money laundering, and commodities fraud.
📅 Next Step: A court conference is set for January 8, 2025, to address motions and evidence.
#DoKwon #FTX $ETH $BTC
Do Kwon, co-founder of Terraform Labs, has been extradited to the U.S. and is facing charges tied to the $40B Terra ecosystem collapse. Charges include securities fraud, wire fraud, money laundering, and commodities fraud.
📅 Next Step: A court conference is set for January 8, 2025, to address motions and evidence.
#DoKwon #FTX $ETH $BTC
Will the South Korean government’s interest in cryptocurrencies push $LUNC to the forefront? South Korean software developers developed the Terra Classic chain. South Korea could reach the top of stablecoins with Terra Classic. Do Kwon knew this…
#TerraClassic #LUNC #DoKwon #USTC
#TerraClassic #LUNC #DoKwon #USTC
Do Kwon Pleads Not Guilty to US Charges Over Terra LUNA, UST Crash:
* Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.
[Do Kwon is flipping through the superseding indictment - then tutns to his second lawyer]
Judge: How do you plead?
Not guilty [through counsel Chesley who adds, We consent to detention without prejudice
Its native cryptocurrency, LUNA, was in its prime as one of the top digital assets by market cap. Kwon made a lot of money, very quickly, and even mocked "poor" people on X (formerly known as Twitter).
But Terra collapsed in May 2022, taking $40 billion of investors' money with it. The crash led to a brutal bear market, as many crypto projects with exposure to the project later declared bankruptcy.
The project's main product, the UST stablecoin, couldn't keep its stable peg to the dollar, resulting in the entire ecosystem collapsing and losing nearly all of its value in a matter of days.
Authorities in both the U.S. and South Korea now allege that the entrepreneur was a scammer who conned investors into buying his cryptocurrency.
Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors," Thursday's indictment reads.
Kwon was arrested in Montenegro last year for allegedly attempting to travel on a fake passport. His lawyers kept him in the country until Tuesday, when he was finally extradited to the United States.
Follow For Free Signals 🤞 😊 💵 ...
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
$LUNA $LUNC $BTC #DoKwon #Binance250Million #BinanceAlphaAlert #BTCRebounds95K #USStateBuysBTC
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.
[Do Kwon is flipping through the superseding indictment - then tutns to his second lawyer]
Judge: How do you plead?
Not guilty [through counsel Chesley who adds, We consent to detention without prejudice
Its native cryptocurrency, LUNA, was in its prime as one of the top digital assets by market cap. Kwon made a lot of money, very quickly, and even mocked "poor" people on X (formerly known as Twitter).
But Terra collapsed in May 2022, taking $40 billion of investors' money with it. The crash led to a brutal bear market, as many crypto projects with exposure to the project later declared bankruptcy.
The project's main product, the UST stablecoin, couldn't keep its stable peg to the dollar, resulting in the entire ecosystem collapsing and losing nearly all of its value in a matter of days.
Authorities in both the U.S. and South Korea now allege that the entrepreneur was a scammer who conned investors into buying his cryptocurrency.
Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors," Thursday's indictment reads.
Kwon was arrested in Montenegro last year for allegedly attempting to travel on a fake passport. His lawyers kept him in the country until Tuesday, when he was finally extradited to the United States.
Follow For Free Signals 🤞 😊 💵 ...
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
$LUNA $LUNC $BTC #DoKwon #Binance250Million #BinanceAlphaAlert #BTCRebounds95K #USStateBuysBTC
Do Kwon Released from Montenegro Prison as Extradition Verdict Still Pending
Do Kwon, co-founder of Terraform Labs, has been released from prison in Montenegro while the extradition proceedings regarding his request to be extradited to the USA and South Korea are still ongoing, according to a report by Bloomberg citing officials from the prison system.
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Doubts Surrounding Kwon's Extradition Decision:
His recent decision to be extradited to South Korea has been challenged by the top prosecutor of Montenegro. Recently, it has come to light that the highest prosecutor's office in Montenegro has transferred this case for review to the Supreme Court, citing irregularities.
Arrest of Do Kwon and the Collapse of the Terra Project:
Do Kwon was arrested in Montenegro in March 2023 when he was caught with a fake Costa Rican passport while attempting to travel to Dubai in the United Arab Emirates. Kwon was the architect of the failed crypto project TerraUSD stablecoin, which experienced a collapse along with LUNA, another token from the Terra project.
Extradition Decision and Investigation:
Both the USA and South Korea have requested Kwon's extradition, but the Minister of Justice of Montenegro favors extradition to South Korea. This decision has been contested by the top prosecutor of Montenegro. South Korean authorities are now actively seeking to prosecute Do Kwon for his alleged frauds and tax evasion.
Do Kwon has denied the accusations, claiming that the $40 billion collapse of the Terra ecosystem was a result of market forces and does not indicate any criminal activity.
#dokwon #terraformLabs
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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