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🚨 Montenegro Court Rejects Do Kwon's Extradition Appeal

Recently, the Constitutional Court of Montenegro rejected the appeal filed by South Korean cryptocurrency tycoon and Terraform Labs co-founder Do Kwon, upholding an earlier extradition ruling. This also means he may soon be extradited back to South Korea or the United States, facing related charges of financial crimes.

Do Kwon was a central figure in the collapse of the TerraUSD (UST) stablecoin and its sister token Luna, an incident that caused losses of up to $40 billion across the financial markets. In light of this situation, both the United States and South Korea are seeking to extradite Do Kwon and accuse him of fraud and market manipulation.

Since the collapse of TerraUSD and Luna last year, Do Kwon has been like an international fugitive, traveling through Singapore, the UAE, Serbia, and ultimately being arrested in Montenegro for attempting to travel with a fake passport.

The latest ruling from the Montenegro court leaves Do Kwon with increasingly few legal options. Analysts predict he is likely to be sent to the United States to face charges related to the collapse of Terra-Luna.

Additionally, in June 2024, the U.S. Securities and Exchange Commission (SEC) imposed a hefty civil penalty of $4.47 billion on Do Kwon and Terraform Labs, which includes a significant fine against Kwon personally and prohibits him from engaging in any cryptocurrency transactions, making Kwon's legal situation increasingly dire.

Although the ruling has been made, Do Kwon's legal team is still vigorously opposing the extradition, especially to the United States, given that the charges there are more severe. Meanwhile, South Korea is also urging a swift resolution to this issue, as it fears that delays in the extradition process may infringe on the human rights of its citizens.

In summary, whether Do Kwon will be extradited and the direction of his fate will depend on the final decision of the Montenegro Minister of Justice regarding his next legal steps.

🗣 Conclusion:

There is no doubt that if Do Kwon is extradited to the United States, he will face charges and trials that are more severe than those from the South Korean judicial system.

This also serves as a reminder to all parties in the industry to take legal compliance seriously to avoid falling into similar predicaments.

💬 What do you think about the implications of this event? Where do you think Do Kwon will ultimately be extradited? See you in the comments!

#DoKwon #TerraLuna #加密货币

Xiamen SuanNeng Technology (Sophgo) has recently been reported to be a facilitator for Huawei in obtaining TSMC chips. Reuters cited sources reporting that the U.S. government plans to place it on the Department of Commerce's Entity List, further tightening export restrictions on China's high-tech sector.

Reuters cited sources reporting that SuanNeng Technology is a subsidiary of Bitcoin mining equipment supplier Bitmain. In October of this year, TSMC discovered that a chip produced for it was used in Huawei's Ascend 910 artificial intelligence chip, actively alerting the U.S. Department of Commerce and ceasing supply to SuanNeng Technology. This incident has drawn widespread attention to SuanNeng Technology and raised questions about how the U.S. will respond.

Sources told Reuters that the U.S. government is taking steps to include SuanNeng Technology on the Department of Commerce's Entity List, making it the latest Chinese company to face U.S. penalties for assisting Huawei. Huawei was placed on the Entity List by the U.S. government in 2019, and since 2020, it has been illegal to sell or ship chips to Huawei without a license, including chips produced by foreign companies using U.S. equipment and technology. TSMC has not supplied any chips to Huawei since then. What are everyone's thoughts?

$LUNC

#ETH🔥🔥🔥🔥 1:The arc bottom of Lunc is very beautiful.2:Lunc/eth might increase by 100 times to 120 times. If Ethereum increases by 5 times, Lunc will be 120x5 times! thank you!!

🚨Chinese woman scammed $6.3 billion to buy 61,000 BTC and fled to the UK!

A Chinese woman named Zhang Yadi, or Qian Zhimin, took $6.3 billion from 130,000 investors from mainland China.
Then she was recently prosecuted by the UK for three counts of money laundering.
Fraudster Zhang Yadi (real name Qian Zhimin) stole 5 billion pounds ($6.34 billion) from unsuspecting investors in China between 2014 and 2017 through a fake wealth management program, which was converted into Bitcoin.

In 2017, Qian Zhimin arrived in the UK on a fake St. Kitts and Nevis passport, when Chinese authorities had begun investigating the fraud. Qian hid from Chinese authorities as Zhang Yadi.

Police arrested another Chinese woman, Jian Wen, who arrived in the UK in 2007 and became a British citizen in 2018.

Jian Wen helped Zhang exchange some of the Bitcoin for property, cash, jewelry and other luxury goods.

In 2018, Jianwen also tried to buy a London property worth £12.5 million for Zhang through a law firm, but the deal fell through because the firm could not determine the source of the Bitcoin.

In 2018, the London Police seized four separate devices containing more than 61,000 BTC in a safe and a property where Jian and Zhang lived at the time.

In 2021, when police cracked the Bitcoins, the cryptocurrency was worth £1.4 billion ($1.77 billion), one of the largest seizures in the world. At today's prices, it is $2.6 billion.

While Jianwen's trial is still ongoing, Zhang has fled the UK.

But Jianwen, 42, pleaded not guilty, saying she thought Zhang's Bitcoin was obtained from a legitimate source.

Prosecutors said Jian should have known that Zhang's money was obtained illegally, for example, she was unwilling to travel to a country with which China has an extradition treaty.

China and the UK do not have an extradition agreement.

The strange thing is that it is said that Qian Zhimin has been wanted by us. We changed our account number to Qian Zhimin, Qian Zhimin, Qian Zhimin, Qian Zhimin... but we didn't find this case. One person took away 6.3 billion US dollars!

Continue to be optimistic about Ethereum chain puppies, you can pay more attention to it!

$XRP $BTC $DOGE

#USUAL现货即将上线 #加密市场反弹 #加密市场反弹 #BTC重返10万 #puppies

What the hell, starting with a market value of 580 million, 800 million, over 1 billion US dollars is too inflated, far exceeding many listed companies.

Who knows what the content of the hearing on the 12th is?