Bitget App
交易“智”变
行情交易合约跟单BOT理财Web3
Do Kwon to be Extradited to the US Over Terra/Luna Collapse

Do Kwon to be Extradited to the US Over Terra/Luna Collapse

币界网币界网2024/12/30 06:06
作者:币界网

The decision follows a lengthy legal battle and marks a major development in the ongoing investigation into the $40 billion crypto crash.

In a landmark decision for the cryptocurrency industry, South Korean entrepreneur Do Kwon, the central figure behind the collapse of the TerraUSD and Luna tokens, will be extradited to the United States from Montenegro, BBC News reported over the weekend.

This marks the culmination of an 18-month legal battle following the dramatic implosion of the tokens in May 2022, which wiped out approximately $40 billion in investor funds and sent shockwaves through global crypto markets.

The Montenegrin Ministry of Justice confirmed the decision, stating that Justice Minister Bojan Bozovic approved Kwon's extradition to the US. The Ministry’s statement emphasized that “the majority of the criteria prescribed by law favour the extradition request from the competent authorities of the United States of America.”

Notably, Kwon had reportedly consented to extradition to both the US and South Korea.

This decision comes despite Montenegro not having extradition treaties with either the US or South Korea, requiring the matter to be resolved through the country's court system.

The US and South Korea have been vying for Kwon's extradition for months, alleging fraud in connection with the collapse of Terraform Labs, the company behind the tokens. In February, US regulators, including the Securities and Exchange Commission (SEC), formally charged Kwon and Terraform Labs with “orchestrating a multi-billion dollar crypto asset securities fraud.” SEC Chairman Gary Gensler stated that Kwon and his company failed to provide adequate disclosures regarding Luna and TerraUSD.

US authorities allege that Kwon misled investors about the stability of TerraUSD, a stablecoin designed to maintain a 1:1 peg with the US dollar, and made false claims about the tokens' potential for growth. The algorithmic stablecoin, along with its sister token Luna, entered a catastrophic "death spiral" in May 2022, triggering a broader market downturn.

Following the collapse, Interpol issued a red notice for Kwon's arrest in September 2022. He had fled Singapore, where his company was based, and subsequently moved to Serbia before being apprehended in Montenegro. Kwon was arrested in March 2023 at Podgorica Airport while attempting to board a flight to Dubai. He was later sentenced to four months in a Montenegrin prison for forging official documents.

The extradition of Kwon follows the extradition of Terraform Labs' former finance officer, Hon Chang-joon, to South Korea in February after serving a similar sentence in Montenegro for fraud charges.

0

免责声明:文章中的所有内容仅代表作者的观点,与本平台无关。用户不应以本文作为投资决策的参考。

PoolX:锁仓获得新代币空投
不要错过热门新币,且APR 高达 10%+
立即参与!

你也可能喜欢

由于“重组”努力,THORChain暂停THORFi业务,Rune下跌30%

THORChain因财务不确定性暂停了其THORFi服务。已实施为期90天的重组计划以解决问题。

The Block2025/01/24 07:34

丝绸之路创始人罗斯·乌布利希特表示特朗普赦免后有“很多话要说”

简要概述 乌布利希特此前被监禁超过11年,他在一段视频中表示,他很感激能够重新获得自由。乌布利希特表示“有很多话要说”,并期待在他感觉准备好后“重新融入自由世界”。

The Block2025/01/24 07:34

基于Solana的稳定币供应量达到新高,突破100亿美元

简要概述 Solana 的稳定币总供应量已达到新高,首次超过 100 亿美元。自一月份以来,网络上的稳定币价值增长了近 110%,从 51 亿美元增至 108 亿美元。Solana 稳定币的激增主要由 Circle 在网络上的 USDC 发行推动。

The Block2025/01/24 07:34

ARBUSDC 现已上线 USDC 合约交易

Bitget Announcement2025/01/24 06:42