Over the past few days, events in the case of the extradition of Terraform Labs founder Do Kwon have moved into overdrive. Following a ruling by the Supreme Court of Montenegro favoring his extradition to South Korea, the United States is continuing to press on with its efforts to secure Kwon’s extradition. Battle Over Extradition […]
South Korea has intensified its actions to extradite Do Kwon, the CEO of Terraform Labs, back to its jurisdiction, as local South Korean media reports. This comes in the wake of a significant legal development in Montenegro where Do Kwon successfully appealed against his extradition to the United States, thereby redirecting the focus towards South […]
In a recent court filing, bankrupt cryptocurrency firm Terraform Labs has strongly criticized the US Securities and Exchange Commission (SEC) for its objection to a $166 million retainer paid to law firm Dentons. The firm argues that the SEC’s objection represents a troubling example of “government overreach” and aims to ” disadvantage ” and distract […]
On Tuesday, March 5, the Appellate Court of Montenegro has overruled the decision of the High Court of Podgorica, which had approved the extradition of Terraform Labs co-founder Do Kwon to the United States for criminal prosecution. The decision, dated March 5, 2024, nullifies the prior approval dated February 20, 2024, and mandates a retrial […]
The Terra Classic community has proposed a new upgrade that could see the reawakening of the ecosystem’s tokens LUNC and USTC. The upgrade, aimed at improving Terra Luna Classic’s overall functionality, will introduce advanced solutions and security features into its ecosystem. About The Upgrade Proposal A prominent LUNC developer, Till “Fragwuerdig” Ziegler has recently submitted […]
The LUNC community has experienced a setback in their plans to revive the crypto token following the rejection of a proposal that was believed to be beneficial to the ecosystem. This latest proposal joins a growing list of proposals that have been put forward in a bid to restore LUNC to its previous highs. An […]
Extradition Battle Win For Do Kwon: Montenegro Court Decision Reversed, LUNC Jumps 13% | Bitcoinist.com
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In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The Podgorica-based Appeals Court made the decision, which cited procedural irregularities and lack of clarity in its ruling. The court’s decision came in response to an […]
Do Kwon’s Detention Prolonged Until 2024 As Montenegro Responds To Extradition Requests | Bitcoinist.com
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According to an International Business Times report, Montenegro’s Supreme Court decided to extend the detention of TerraForm Labs founder and CEO Do Kwon until February 2024, following extradition requests from the United States and South Korea. Closed-Door Discussions Reveal Montenegro’s Plan For Do Kwon Initially set to be extradited to the US on December 15, […]
The LUNC token has been one of the top-performing cryptocurrencies in the market and Binance may be one of the major factors driving the rallies. This is attributed to major announcements that the largest crypto exchange in the world has made with regard to the altcoin. Binance Introduces New LUNC Pair And Burns Tokens Binance […]
LUNC has continued its bullish run after seeing a retracement back Monday. The altcoin has already risen double-digits in the last 24 hours, bringing its price above $0.0001 once more. As this run continues, the machine learning algorithm at CoinCodex has predicted when the digital asset’s price might reach $0.0005. The machine learning algorithm at […]
The LUNA Classic (LUNC) crashed over 99% from its all-time high price back in 2022 when the Terra network collapsed. Since then, the coin has kind of made its way into a place where most consider it as high risk and similar to a meme coin. Regardless, the crypto still boasts a strong community that […]