Montenegro Court Delivers Shocking Twist In Terra Founder Do Kwon's Forgery Case
Portfolio Pulse from Murtuza Merchant
Terra (CRYPTO: LUNA) founder Do Kwon's bail request has been approved by the Montenegro court, following the annulment of a previous approval by a higher court. Kwon and former Terra executive Han Chang-joon were arrested for allegedly attempting to travel with forged documents. Kwon's cryptocurrency enterprise collapsed last year, leading to extradition requests from South Korea and the U.S.
June 05, 2023 | 8:49 pm
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NEUTRAL IMPACT
Terra founder Do Kwon's bail request approved, potentially impacting LUNA's price in the short term.
The approval of Do Kwon's bail request may have a neutral impact on LUNA's price in the short term. While the legal situation is still ongoing, the approval may provide some relief to investors. However, the overall impact on LUNA's price will depend on the outcome of the case and any potential regulatory actions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100