{"id":44361,"date":"2024-12-31T14:15:11","date_gmt":"2024-12-31T14:15:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/montenegro-completes-do-kwons-extradition-to-the-us\/"},"modified":"2024-12-31T14:15:11","modified_gmt":"2024-12-31T14:15:11","slug":"montenegro-completes-do-kwons-extradition-to-the-us","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/montenegro-completes-do-kwons-extradition-to-the-us\/","title":{"rendered":"Montenegro completes Do Kwon\u2019s extradition to the US"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686664482190-7abdae5f-7b8a-4c26-b4eb-e025d0edd092-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686664482190-7abdae5f-7b8a-4c26-b4eb-e025d0edd092-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686664482190-7abdae5f-7b8a-4c26-b4eb-e025d0edd092-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686664482190-7abdae5f-7b8a-4c26-b4eb-e025d0edd092-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Montenegro has completed the extradition of Do Kwon, the founder of collapsed crypto project TerraUSD\/Luna.<\/li>\n<li>Kwon was arrested in Montenegro in 2023 and unsuccessfully fought extradition to the US.<\/li>\n<li>He is also wanted in South Korea over Terra\u2019s $40 billion crypto implosion in 2022.<\/li>\n<\/ul>\n<p>Montenegro has finalized the extradition of Terraform Labs founder Do Kwon to the United States, Montenegro Prime Minister Milojko Spajic has said.<\/p>\n<p>The extradition comes just days after Montenegro\u2019s Justice Minister Bojan Bo\u017eovi\u0107 <a href=\"https:\/\/coinjournal.net\/news\/montenegro-justice-minister-signs-do-kwon-extradition-to-the-us\/\">signed the extradition<\/a>, with this coming on the back of the country\u2019s Constitutional Court rejecting Do Kwon\u2019s appeal.<\/p>\n<h2>Montenegro Prime Minister confirms Kwon extradition<\/h2>\n<p>\u201cToday Montenegro completed the extradition of Do Kwon to the United States to face charges in the Terra\/Luna case. Our nation welcomes innovation and legitimate crypto, AI and other tech entrepreneurs \u2013 but we have zero tolerance for fraud. This extradition demonstrates our unwavering commitment to international justice and the rule of law!\u201d the Prime Minister <a href=\"https:\/\/x.com\/MickeySpajic\/status\/1874058304269271479\" target=\"_blank\" rel=\"noopener\">said<\/a>.<\/p>\n<p>Montenegro police arrested Kwon in 2023 while the Terraform Labs founder was on the run following the 2022 collapse of TerraUSD and Luna.<\/p>\n<p>The collapse saw over $40 billion worth of value wiped out, heralding contagion that hit multiple other crypto projects and saw millions of users lose money.<\/p>\n<p>After failing to ward off the extradition, Kwon will now face charges of fraud and others in the US.<\/p>\n<p>In April 2024, Terraform and Kwon agreed to a <a href=\"https:\/\/coinjournal.net\/news\/terra-agrees-to-4-5-billion-settlement-with-sec-over-fraud-case\/\">$4.5 billion settlement<\/a> with the Securities and Exchange Commission.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/montenegro-completes-do-kwons-extradition-to-the-us\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Montenegro has completed the extradition of Do Kwon, the founder of collapsed crypto project TerraUSD\/Luna. Kwon was arrested in Montenegro in 2023 and unsuccessfully fought extradition to the US. He is also wanted in South Korea over Terra\u2019s $40 billion crypto [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":44362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44361"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44361"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44362"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}