United

Terra

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/authorities-decide-on-do-kwons-extradition-case/" data-wpel-link="internal">Authorities Decide on Do Kwon’s Extradition Case</a><br></p>
<p style="text-align: justify">The situation surrounding Do Kwon has turned from humorous to serious. There are ongoing reports regarding the extradition of Do Kwon, who played a significant role in the Terra collapse. Local courts are making decisions that higher courts are then overturning. Subsequently, the ministry intervenes with its own rulings, creating a chaotic legal scenario. After the last ruling was overturned, Kwon could not be extradited.</p> 
<h2 style="text-align: justify" id="luna-news">LUNA News</h2> 
<p style="text-align: justify">Do Kwon must answer many questions in court as he is deemed guilty. The founder of Terra previously initiated a different algorithmic stablecoin project similar to UST anonymously, which ultimately failed. Following that, LUNA and UST were launched, capitalizing on investors’ greed with a 20% APY. The mechanics of LUNA and UST posed risks, indicating that the stablecoin could collapse during price fluctuations.</p> 
<h2 style="text-align: justify" id="awaited-developments">Awaited Developments</h2> 
<p style="text-align: justify">The anticipated outcome has materialized, triggering the bankruptcy of several <a href="https://en.coin-turk.com/deltaprime-suffers-major-hack-resulting-in-nearly-6-million-loss/" data-wpel-link="internal">crypto</a> risk-takers, including Zhu Su, during the mid-2022 crash. Rumors have surfaced that major players like Jump profited from this collapse. These details are expected to come to light following Kwon’s extradition.</p> 
<p style="text-align: justify">Today, Montenegro’s Minister of Justice, Bojan Božović, stated that a decision regarding the extradition of Terraform Labs founder Do Kwon has been finalized and will be announced by the end of Sunday.</p> 
<p style="text-align: justify">Despite the prolonged decision-making process causing confusion, announcements regarding extradition to South Korea or the United States are likely to be made in the coming days.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-398120 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/LUNAUSDT_2024-10-17_21-14-57.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">Following this news, the price of LUNA has begun to decline.</p> 
<p>The post <a href="https://en.coin-turk.com/authorities-decide-on-do-kwons-extradition-case/" data-wpel-link="internal">Authorities Decide on Do Kwon’s Extradition Case</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Authorities Decide on Do Kwon’s Extradition Case

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