|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Do Kwon’s Fate To Be Determined Soon as Montenegro’s Justice Minister Reveals Extradition Decision Will Be Made Public
Oct 19, 2024 at 07:05 am
Justice Minister Bojan Božović revealed to a local Montenegro newspaper that the Montenegrin authorities have reached a mutual agreement in terms of Do Kwon’s extradition.
Montenegro is set to announce its decision on Do Kwon’s extradition by Sunday evening, a local newspaper reported.
The Justice Minister told a local Montenegro newspaper that the Montenegrin authorities have reached a mutual agreement in terms of Do Kwon’s extradition. However, the destination still remains undisclosed, making the market watchers and lawmakers guess between South Korea and the United States (USA).
According to Vijesti, a local newspaper, the Justice Minister intends to make Do Kwon’s extradition decision public by the evening of Sunday, October 20, 2024. However, the latest report from Balkan Insight alleged that the decision is postponed once again.
The Do Kwon issue has become a mess.
They are literally making fun of it.
We say let’s not follow it but we find ourselves in it.
▪️ Do Kwon's "extradition decision" has been canceled again.
Montenegro is a very different country. When there is no law in a country, we encounter… pic.twitter.com/9R2EfxR9EF
Last year in March, Do Kwon and his affiliate TerraForm Labs CFO Han Chang-joon were captured trying to onboard a private jet to Dubai, UAE with forged passports.
Since then, Do Kwon spent four months in a jail in Podgorica, but several piquant details on his living conditions reveal that the controversial crypto entrepreneur was able to use crypto.
Terra’s Do Kwon Swapped Bitcoin In Jail
After a 9-month cat & mouse chase across Europe, including Croatia and Serbia, and having a Red Notice issued against him in September, 2022, Do Kwon’s final whereabouts before getting arrested were Costa Rica and other overseas territories.
The criminal charges are related to the terrifying fiasco of Terra Luna in 2022, when both LUNA and UST tokens crumbled to pieces in a matter of weeks.
As Do Kwon is finished serving a four-month sentence in Montenegro, the Montenegrin National Security Agency (ANB) reported that Do Kwon’s personal belongings, such as laptops, mobile smartphones and cold wallets have been confiscated only 72 days after the check-in, and only after a strict order from the Minister of Police and Police Directorate.
#dokwon transferred crypto from prison after police failed to seize keys.
Here is Dokwons extradition history. What a saga.
Dources in Montenegro say DoKwon was able to move crypto durting his prison stay. Authorities went through every paper and computer of his to find keys.… pic.twitter.com/LyHF3Aim2z
One of the massive transactions that the fallen crypto entrepreneur made during his stay in Podgorica’s prison was the $62 million Bitcoin (BTC) transfer in September, sent to a new wallet, totaling 1075 BTC.
This occurred three months after the now-insolvent TerraForm Labs, the parenting company of all Terra Luna tokens, reached a bankruptcy protection agreement with the U.S. Securities and Exchange Commission (SEC) for $4.5 billion in disgorgement and civil fines.
On The Flipside
Why This Matters
As TerraForm Labs investors are seeking closure on the ecosystem’s downfall, the fate of this lawsuit could pave the way for a more comprehensive crypto regulation and safer environment for investors.
Dive into DailyCoin’s popular crypto news:
Dogecoin Takes Lead Over WIF, BONK in Double-Digit Race
Bitcoin ETFs Are Thriving, So Why Do They Feel Underwhelming?
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.