Montenegrin court “extrads Mr. Kwon, founder of virtual currency Terra, to the US”

A Montenegrin court has ruled that South Korea's Terraform Labs, the central player in causing the collapse of the virtual currencies Terra and Luna,
Local daily newspaper Pobeda reported on the 21st (local time) that representative Kwon DoHyoung has decided to be extradited to the United States. On this day, the Montenegrin court said, ``Mr.
He will be extradited to the United States, where he will be prosecuted." The decision to deport Mr. Kwon came 11 months after he was arrested in Montenegro in March last year, taking into account the length of time he had been on the run.
It's been 22 months since then. Based on the court's decision, Mr. Kwon will be tried in the United States, where he is expected to receive a heavy sentence. South Korea has the highest punishment for economic crimes.
However, the United States has adopted the ``multiple conviction'' system, which imposes penalties for each individual crime and adds them up, making it possible to receive a prison term of over 100 years. The scale of damage to investors around the world due to the 2022 Terra Luna crash is
It is estimated to be over 50 trillion won. Kwon disappeared after departing to Singapore in April 2022, just before the Terra Luna crash. Then the United Arab Emirates (UAE)
) and Serbia, then evacuated to Montenegro, and on March 23, last year, he was arrested at the local airport as he tried to board a private plane to Dubai with a fake Costa Rican passport.