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Cryptocurrency News Articles
Former Montenegrin Justice Minister Alleges Do Kwon Extradition Was Tied to Airport Deal with South Korea
Sep 28, 2024 at 08:30 am
The former Montenegrin Justice Minister, Andrej Milovic, said there is a possible connection between the extradition of Terraform Labs co-founder Do Kwon
Former Montenegrin Justice Minister Andrej Milovic has suggested a possible connection between the extradition of Terraform Labs co-founder Do Kwon and a recent airport deal between Montenegro and South Korea.
Do Kwon is the co-founder of Terraform Labs, a crypto firm that was behind the Terra crypto project, which collapsed in 2022 amidst high volatility. A few months back, Montenegrin authorities extradited Kwon to his native country, South Korea. The U.S. authorities had applied pressure on Montenegro to extradite Kwon to the U.S.
Now, a new development regarding the infamous crypto entrepreneur Do Kwon is surfacing in the crypto community with a sensational twist.
As per reports, former Justice Minister Milovic has suggested that Prime Minister Milojko Spajić changed his stance on the 30-year concession agreement for Montenegrin airports, using Kwon’s extradition to finalize the deal.
It is to be noted that Spajić initially supported a French bid for the airport concession but changed his position after a court upheld Kwon’s extradition. Milovic claims that Spajić began endorsing the South Korean bid shortly after the ruling, which he sees as a major signal of suspicious activity.
He also claimed that Spajić has a personal connection to Kwon, with reports of a $75,000 investment in Terra/Luna tokens. Other officials, including President Jakov Milatović and former Prime Minister Dritan Abazović, have accused Spajić of hiding his connections to Kwon, despite evidence of their meetings.
Terraform Labs LiquidationA court ruling recently ordered Terraform Labs to liquidate all of its business assets to compensate creditors. However, the leadership of Terraform will be able to pay between $184.5 million and $442.2 million to crypto investors and other stakeholders as part of its bankruptcy liquidation. According to experts, the United States Securities and Exchange Commission (SEC) will receive a very small amount in fines.
https://t.co/IS14t4ggYe#TerraForm Labs Receives Regulatory Approval to Wind Down All #Crypto Businesses
Read also: Cardano ($ADA) Marks 7th Anniversary of Mainnet Launch: Is a Major Price Surge on the Horizon?
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