COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- In a landmark decision, the Montenegrin Court of Appeal has ruled that cryptocurrency entrepreneur Do Kwon will be extradited to South Korea.
- This ruling resolves a 16-month legal battle involving parallel extradition requests from both South Korea and the United States.
- “This is the second legally binding court decision on the extradition of Do Kwon to South Korea,” stated Kwon’s lawyer, Goran Rodić.
The Montenegrin Court of Appeal’s ruling brings Do Kwon one step closer to facing trial in South Korea, marking a pivotal moment in the international efforts to prosecute him.
Montenegrin Court Favors South Korea in Extradition Decision
The Montenegrin Court of Appeal has decided to extradite Do Kwon, the infamous co-founder of Terraform Labs, to South Korea. This decision follows a prolonged legal struggle involving competing extradition requests from South Korea and the United States. Do Kwon has been under scrutiny since the collapse of his blockchain protocol, which resulted in a catastrophic financial loss estimated at $40 billion.
Legal Proceedings and Implications
Announced on August 1, the ruling signals a significant victory for South Korean prosecutors. Kwon has been a fugitive since September 2022, when he escaped following the collapse of TerraUSD and Luna cryptocurrencies. The Montenegrin court’s decision highlights that South Korea’s extradition request, being the first submitted, has precedence over the United States’ request in line with Montenegro’s international treaties.
Additional Legal Challenges and Sentencing
Do Kwon’s legal tribulations are far from over. In addition to the extradition ruling, he has already served a four-month prison sentence in Montenegro for attempting to exit the country using forged passports. Following the completion of this sentence, Kwon was placed in a foreigner detention center near Podgorica while awaiting the extradition decision. His business partner, Chang Joon, has already been extradited to South Korea.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Consequences in the United States
In parallel, Kwon faces substantial legal pressure from United States authorities. In April, a New York jury found Kwon and Terraform Labs guilty of civil fraud, concurring with the US Securities and Exchange Commission’s (SEC) allegations of investor deception. Terraform Labs has since settled civil charges with the SEC for $4.5 billion. Nonetheless, US authorities are still pursuing criminal charges and had hoped for his extradition.
Market Impact and Token Performance
In the wake of these legal entanglements, Luna Classic (LUNC), the native token of the now-defunct blockchain, has experienced significant market volatility. At present, LUNC trades at $0.00007379, reflecting a 9% decline over the past 24 hours and continued downward momentum over the past month.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Conclusion
The Montenegrin Court of Appeal’s decision marks a critical juncture in the legal battles surrounding Do Kwon, potentially paving the way for his prosecution in South Korea. While the focus shifts towards his trial in his home country, the global crypto community remains vigilant, recognizing the broader implications of this high-profile case for the cryptocurrency market.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |