Do Kwon’s Extradition Process and Bitcoin Transfers: Is Terra’s Future in Danger⁉️
The extradition of Terra ecosystem founder Do Kwon, who was arrested in Montenegro while trying to flee to the United Arab Emirates with fake documents in March 2023, to South Korea is facing legal and diplomatic hurdles. Following extradition requests from South Korea and the US, the Montenegrin Supreme Court ruled that Kwon be extradited to South Korea. However, this decision was suspended due to Kwon’s camp’s request for “protection of the law.”
On the other hand, it was found that Kwon had transferred approximately 100,000 Bitcoins to different wallets prior to Terra’s collapse. This situation increases South Korea’s pressure for Kwon’s extradition. If Kwon is extradited, the South Korean government will step in to rebuild the Terra ecosystem.
🔥 Do Kwon's return process and the Bitcoin transfers he made could be a critical turning point for both Terra's future and the crypto world‼️