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**Montenegro Decides to Extradite Do Kwon to the United States**
In a surprising turn of events, Montenegro has announced its decision to extradite Do Kwon, the former CEO of Terraform Labs, to the United States. The move comes after weeks of intense diplomatic efforts between the two countries.
As you may recall, Do Kwon is currently facing numerous criminal charges in the US related to his alleged involvement in the collapse of the TerraUSD and Luna tokens, which led to a massive $40 billion loss for investors. He was arrested last year at an airport in Montenegro after attempting to leave the country using a fake passport.
The extradition decision is significant not only because it marks a major victory for the US authorities but also because it highlights the efforts of the two countries to cooperate on international justice matters. The news has sent shockwaves through the cryptocurrency community, with many speculating about the implications for Kwon’s legal situation and potential punishments.
Kwon’s extradition comes as no surprise given the mounting pressure from both sides. Just last month, an American court slapped him with a $4.5 billion fine for failing to settle a civil lawsuit brought by the Securities and Exchange Commission (SEC).
Meanwhile, South Korea has also been actively pursuing Kwon’s extradition, having earlier secured a favorable ruling from a higher court in favor of its request. However, Montenegro’s decision appears to have trumped those efforts.
It is worth noting that this development has sparked controversy within the crypto community, with some accusing Milojko Spajić, Montenegro’s prime minister, of using the extradition as leverage for a 30-year airport concession deal with South Korea.
Stay tuned for further updates on this developing story!
Source: http://www.bitcoinbazis.hu
