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A new development has occurred in the Do Kwon case. Yesterday, Montenegrin prosecutors rejected the existing court decision regarding the extradition of Do Kwon, the co-founder of Terraform Labs, to South Korea, thereby extending the process once again. Today, Montenegrin courts have suspended the process in the past few hours, supporting the prosecutors. In recent minutes, Do Kwon’s side’s major victory has been confirmed by the Montenegrin courts.
Do Kwon Extradition Process
Just hours ago, the process of Do Kwon’s extradition had once again reached an impasse. While the Montenegrin courts and prosecutors were in disagreement over which country Kwon would be extradited to, an incredible decision emerged.
According to the decision made by the Montenegrin court, Do Kwon was released under the condition of house arrest. This decision could also be described as Kwon’s historic victory.
After plunging the world of cryptocurrency into a full bear market, Do Kwon was caught in Montenegro with a fake passport and had been held in prison until a decision was made regarding which country he would be extradited to. Today, however, things have changed.
The implications of this new decision regarding Kwon’s extradition are already a subject of curiosity. Both the USA and South Korea wanted Kwon to be extradited to them. What approach the two countries will take in the coming days is also among the curiosities.
Kwon’s representatives also wanted the former CEO to be extradited to South Korea, but things have changed, and it seems Kwon will stay in Montenegro.
Attention to LUNC and USTC Prices
While all this was happening, attention turned to the prices of LUNC and USTC. Following the announcement of the decision, the price of LUNC jumped significantly, rising by 6.82% to $0.00015408.
There was also a recovery on the USTC side, with the price reaching $0.02875 after a 3.5% increase. It would not be wrong to say that the community has received the news of Do Kwon staying in Montenegro with a positive response.
However, considering that the decisions regarding Do Kwon have changed several times, it would be beneficial for investors to remember that the likelihood of new news emerging in the coming days is within the realm of possibility.
