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Hot Development: Court Decides for Terra Founder!

The high court in Podgorica, Montenegro has ordered the extradition of Terra co-founder Do Kwon. The court sentenced Do Kwon and Han Chang-joon, former executives of Terraform Labs, to four months in prison in the passport forgery case. The Montenegrin high court also rejected the executives' appeal.

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Montenegrin Minister will put the point on the extradition of Terra founder! The high court in Podgorica, Montenegro, ordered the extradition of Terra co-founder Do Kwon, according to a court application filed on November 24. "The legal prerequisites for the extradition of the defendant KDH, a citizen of the Republic of South Korea, have been fulfilled at the request of the Ministry of Justice of the Republic of Korea," the court said. Similarly, at the request of the US State Department, the authorities also fulfilled the legal preconditions for the extradition of Do Kwon. Translated with www.DeepL.com/Translator (free version)

Both South Korea and the US have the right to extradite Do Kwon. However, Terra founder Do Kwon has consented to extradition to his home country. Therefore, Justice Minister Andrej Milović will decide which country has priority in case of possible extradition. Milović spoke about Do Kwon's extradition in a television program yesterday. Milović said that the decision on whether to extradite to the United States or South Korea is political. Therefore, the extradition will take some time. In this context, Milović made the following statement: Translated with www.DeepL.com/Translator (free version)

The United States is our main foreign policy partner, we want to sign a bilateral extradition treaty as soon as possible in order to establish a legal framework for future extraditions.

US court backs SEC Judge Rakoff ruled in favor of the SEC after considering all the parties' briefs and the arguments and responses presented at the hearing. At the Daubert hearing, the judge recognized two experts for the SEC and one expert for Terra Labs.

The case is moving forward for summary judgment. LUNA and LUNC price performance Meanwhile, Terra (LUNA) and Terra Classic (LUNC) prices have surged in recent days. As you've been following on Kriptokoin.com, LUNA has exploded during the month. In the process, the altcoin jumped from $0.47 to $0.85. However, it later lost altitude.

Despite this, LUNA is currently sitting on 43.5% gains on its monthly chart. The ecosystem's other token LUNC also saw significant increases, although not as much as LUNA. LUNC gained over 21% on its monthly chart. However, both tokens have seen declines in the last 24 hours.