Montenegro Plans to Extradite Terra Founder Do Kwon to the U.S. Instead of South Korea!

  • Kwon, who has been in prison in the Balkan country since March, has become the focus of an international struggle, as both the U.S. and South Korea seek his extradition.
  • A month ago, the Montenegrin court approved Kwon’s extradition but left the decision on whether to send him to the U.S. or South Korea to Andrej Milovic.
  • The Terra Luna Classic core developer announced the formation of the Terra Classic Coalition group to contribute to Terra Classic chain developments.

Montenegro’s top justice official explicitly stated that the founder of Terra, Do Kwon, could be extradited to the U.S. instead of South Korea.

Montenegro Considers Extraditing Kwon to the U.S.

terra-luna

Montenegro’s top justice official has privately stated that the country plans to send Do Kwon, the founder of Terra and crypto millionaire, to the U.S. to face charges instead of South Korea, according to individuals familiar with the matter.

Kwon, who has been in prison in the Balkan country since March, has become the focus of an international struggle, as both the U.S. and South Korea seek his extradition. Prosecutors from both countries want to prosecute Kwon for fraud and violations of securities laws related to the $40 billion collapse of TerraUSD and Luna cryptocurrencies in May 2022. Kwon is a South Korean citizen.

A month ago, the Montenegrin court approved Kwon’s extradition but left the decision on whether to send him to the U.S. or South Korea to Justice Minister Andrej Milovic.

Milovic has not yet announced his decision and is likely to wait until a decision is made on the last-ditch appeal filed by Kwon’s legal team against the court’s decision in the country.

Developments Continue in Terra Luna Classic

The Terra Luna Classic core developer announced the formation of the Terra Classic Coalition group to contribute to Terra Classic chain developments. The team will contribute expertise and opinions to most tasks on the Terra Classic chain without funding. However, some tasks, such as SDK updates, will require funding through a governance proposal from the community.

Vinh Nguyen, L1TF developer, shared a post on X revealing the Terra Classic Coalition, a group created by a team of significant community members including former L1TF developer Fragwuerdig, L1TF developer Gevik, developer StrathCole, and validator and creative Happy Catty Crypto.

Terra Classic Coalition aims to work without the limitations of daily meetings or a fixed roadmap and is entirely committed to advancing the chain. The team will develop proposals for the chain’s improvements and provide a strategic approach for it.

TCC supports the ‘payment per job’ model recently approved by the Terra Luna Classic community. More details about the implementation of the payment per job model will be proposed in the coming weeks.

Each member will work independently and contribute to the Terra Luna Classic ecosystem within their area of expertise. TCC will work voluntarily for most tasks but will need funding for projects such as SDK updates. Separate proposals will be submitted for any projects requiring funding.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

German Government Sells 49,858 Bitcoins, Missing Out on $2.03 Billion Profit

Recent reports from Arkham Data reveal that the German...

Unlocking BTC Liquidity: Zeus Network Launches Phase One of ZEUS Token to Transform Solana’s DeFi Ecosystem

On November 23rd, COINOTAG News reported that Zeus Network...

Whale Moves 6,404 ETH to Binance Amid $21 Million Transaction – What It Means for Ethereum

According to a recent analysis by on-chain expert Embermonitor,...

MicroStrategy Leverages Bitcoin for Financial Operations, Enhancing Shareholder Value

In a recent update on November 22, Michael Saylor...

Solana (SOL) Emerges as the Next Big Thing in Crypto, According to Bitwise CEO Hunter Horsley

In a recent statement on November 22, 2023, Bitwise...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img