The events surrounding Do Kwon, central to the Terra Luna incident, preoccupied the entire cryptocurrency world for a long time. Recently, Kwon was caught and arrested in Montenegro while trying to travel with a fake identity, and the question of which country he will be extradited to remains a topic of interest.
Do Kwon’s Extradition Process
Do Kwon’s extradition destination from Montenegro has been a subject of curiosity for a long time. Both the USA and South Korea have made significant efforts to have him extradited to their respective countries. Although decisions to extradite Kwon to the USA and South Korea have been approved multiple times, these decisions were overturned by other courts and state institutions.
Recently, there was news suggesting that the path for his extradition to South Korea was cleared. However, a new report emerged stating that the high court panel postponed the decision on his extradition to South Korea until a ruling on the legality of the request is made.
Terra Luna Classic (LUNC) Price Update
Following the news, attention turned to the prices of LUNC, USTC, and LUNA. Firstly, LUNC’s price saw an upward trend after the news, rising by 4.77% in the last 24 hours to reach $0.00006849.
Secondly, the old stablecoin USTC also experienced a noticeable increase. USTC’s price quickly rose by 4% to $0.0152, delighting investors. Additionally, USTC’s trading volume increased by 6%, reaching 17.1 million.
Lastly, looking at the price of Terra (LUNA), it also saw a 4.97% increase. Following the rise, LUNA reached $0.3224. LUNA’s market cap exceeded $263 million, positioning it as the 157th in market cap rankings.
