TerraUSD Creator Do Kwon Faces Potential US Extradition As Montenegro's Legal Chief Shows Inclination
Portfolio Pulse from Murtuza Merchant
Do Kwon, creator of TerraUSD, faces potential extradition to the U.S. from Montenegro for alleged fraud and securities law violations related to the $40 billion collapse of TerraUSD and Luna. Montenegro's Justice Minister Andrej Milovic will decide on the extradition after the judiciary reviews Kwon's appeal against the court's decision.
December 07, 2023 | 4:35 pm
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Do Kwon's potential extradition to the U.S. could lead to further legal developments impacting the perception and regulatory scrutiny of Luna.
The news of potential extradition is directly related to Luna as it pertains to the legal issues surrounding its creator, Do Kwon. This could lead to negative sentiment among investors and increased regulatory scrutiny, likely causing a short-term negative impact on Luna's price.
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