In a statement released on Tuesday, imprisoned Terra co-founder Do Kwon achieved a rare victory as the Montenegrin court overturned a lower court's decision to extradite him to the United States. The Balkan country's appellate court pointed out in the legal action that led to the extradition decision in February that "serious violations of the criminal procedure rules" had occurred. Last month, Kwon appealed the ruling that would have sent him to the United States to face fraud charges related to Terra's $60 billion loss in May 2022.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Do Kwon wins appeal against extradition to US
-
Wechat scan to share
Recommended for you
-
CoinShares: Digital asset investment products saw net inflows of $2.2 billion last week
According to the latest weekly report from CoinShares, the inflow of funds into digital asset investment products increased by a further $2.2 billion last week, bringing the total inflow of funds since the first interest rate cut in September to $11.7 billion, and the total inflow of funds so far this year has reached a record-breaking $33.5 billion. Recent market activity, especially Bitcoin's breakthrough to a new historical high, has pushed the total asset under management (AuM) to a new high of $138 billion earlier this week. Ethereum seems to have shaken off negative sentiment, with inflows of $646 million (5% of AUM), possibly due to Justin Drake's Beam Chain network upgrade proposal and the recent US election. Solana also saw inflows of $24 million. -
Tesla rose more than 5% before the market opened
Tesla rose more than 5% in after-hours trading. Earlier reports stated that Trump may seek to relax restrictions on autonomous driving cars, and Musk is laying out plans for "fully autonomous" driving. -
Solana's market value exceeds Sony and Medtronic, and its global asset market value ranking rises to 165th
According to 8marketcap data, Solana's market value has reached $112.31 billion, surpassing Sony and Medtronic, and ranking 165th in the global asset market value rankings. -
The total open interest of Bitcoin contracts on the entire network exceeded US$55 billion
According to Coinglass data, the total open position of Bitcoin futures contracts on the entire network is 602,700 BTC (approximately $55.11 billion). -
A smart money bought 13.7 million ZEREBRO at the end of October, making a profit of more than 2.5 million US dollars
The Data Nerd observed that on October 29th and 30th, DNfuF spent $13,500 to buy 13.7 million ZEREBRO. Afterwards, they sold 6.1 million of them and earned $311,000, resulting in a profit of $297,000. Currently, the address still holds 7.07 million ZEREBRO, which is approximately $2.29 million. -
BTC breaks through $91,000
according to market data, BTC has broken through $91,000 and is currently trading at $91,002.03, with a 24-hour decline narrowing to 0.46%. The market is volatile, so please be prepared for risk control. -
Cryptocurrency firm Terraform Labs and its founder Do Kwon committed fraud
The US Securities and Exchange Commission (SEC) ruled that the actions of cryptocurrency company Terraform Labs and its founder Do Kwon constitute fraud. The company's bankruptcy in 2022 resulted in a loss of $40 billion in investor funds. -
Do Kwon will go on trial in Manhattan on Monday
Terraform Labs and its founder Do Kwon will face trial in Manhattan on Monday, accused by regulators of lying to investors about the collapse of the company's two cryptocurrencies, LUNA and UST, which disrupted the market in 2022. Regulators also accuse them of falsely claiming that Terraform's blockchain was used for a popular mobile payment app in Korea. Do Kwon will not attend the trial. He was arrested in Montenegro last March and is awaiting extradition back to his home country of South Korea, where he faces criminal charges. A court in Montenegro postponed his extradition on Friday, citing concerns from the country's prosecutor's office about the extradition process. -
Do Kwon will be released from Montenegro prison but will not be allowed to leave the country
Do Kwon, co-founder of Terraform, will be released from prison in Montenegro, but due to several criminal charges brought by national authorities, he will remain in the Balkans. The High Court of Montenegro ordered the confiscation of Kwon's passport on Friday to prevent him from leaving the country. According to the court's order, Kwon will leave Spuž prison on Saturday. The prosecutor opposes extraditing Kwon to South Korea and would prefer him to be sent to the United States, where he could face a longer sentence if convicted. -
Terra co-founder Do Kwon released, awaiting Supreme Court extradition decision
Market news: Terra co-founder Do Kwon has been released and is awaiting the extradition decision of the Supreme Court.
Daily Must-Read
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
-
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
-
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
-
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
-
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
-
Why is Solana's Dogwifhat (WIF) memecoin crashing?
All Comments