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Terras do Kwon appeals against his extension of the arrest (report)
Do Kwon - the co -founder of Terraform Labs - will reportedly make an appeal against the decision of the Montenegrin court to extend his detention by up to a month. The 31-year-old developer was supposedly on the run for several months after the native token of the project-Luna-and his algorithmic stable coin-VAT-collapsed together with his entire ecosystem. Montenegro's authorities arrested him at the airport in the capital Podgorica last week. It remains unknown when Kwon will be delivered to another country, since the probability is high that he is in court in the United States ...
Terras do Kwon appeals against his extension of the arrest (report)
Do Kwon-the co-founder of Terraform Labs-will reportedly make an appeal against the decision of the Montenegrin court to extend his detention by up to one month.
The 31-year-old developer was supposedly on the run for several months after the native token of the project-Luna-and its algorithmic stable coin-VAT-collapsed together with his entire ecosystem.
The authorities of Montenegro arrested Last week at the airport in the capital Podgorica. It remains unknown when Kwon will be delivered to another country, since the probability is high that it will be brought to court in the United States.
- A local reporting reveals Preserver-Spaces = "True"> that Kwon's right-back is appealed against the Montenegin court decision by up to 30 days extend.
- While the Balkannation usually allows up to 72 hours, it agreed to extend the application of the public prosecutor's office to extend the span of the procedure, since Kwon is a foreigner that will probably flee.
- The South Korean left his homeland at some point in the past year after the crash of Terra had left several investors with empty hands.
- He supposedly hid in numerous places, including Dubai, Singapore, Mauritius and the Seychelles. According to the latest sources, he could live in Serbia, the eastern neighbor Montenegros.
- Shortly after his arrest US prosecutor called Kwon is the main culprit behind the failure of Terra and accuses him of the securities fraud, the fraud.
- Michael Zweiback - an American lawyer - believes that the fleeting will most likely be deported to the USA or South Korea. If he ended up in the States, he could be put on trial by the same office that monitors the case against Sam Bankman-Fried-the former CEO of FTX.
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