Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Recently extradited Terra (LUNA) founder Do Kwon is scheduled to appear in a U.S. court today.
ALTCOIN NEWS

Recently extradited Terra (LUNA) founder Do Kwon is scheduled to appear in a U.S. court today.

By Crypto FlexsJanuary 5, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Recently extradited Terra (LUNA) founder Do Kwon is scheduled to appear in a U.S. court today.
Share
Facebook Twitter LinkedIn Pinterest Email

The disgraced co-founder of the Terra (LUNA) ecosystem is scheduled to appear in court in the United States today after being recently extradited from Montenegro.

According to a new report from Reuters, Dokwon is facing fraud charges in the United States in connection with the multibillion-dollar Terra downfall in 2022 and is scheduled to make his first court appearance in the matter.

Mr. Kwon was first arrested in the Balkan Peninsula in March 2023 when he was caught trying to board a flight to the United Arab Emirates with a forged Costa Rican passport. He has been evading authorities since the collapse of Terra and its related assets, TerraUSD and LUNA.

TerraUSD was an algorithmic “stablecoin” designed to mint more LUNA as needed as a means of fixing the price at $1. However, this mechanism failed and the supply of both assets was greatly inflated, causing their prices to plummet.

After his arrest, two countries, the United States and South Korea, wanted him extradited to face criminal charges. However, last month, Montenegro’s highest court rejected Korea’s request and ruled to extradite Kwon to the United States.

The court recently dismissed Kwon’s appeal, saying he met all criteria for extradition to the United States.

According to the report, Kwon was indicted on two counts each of securities fraud, wire fraud, merchandise fraud, and conspiracy. He is scheduled to appear in federal court in New York. If found guilty on all counts, he could face decades in prison.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/SBI/WindAwake

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Hans Zimmer composed Tron ‘Anthem’ for Justin Sun. That’s right.

April 16, 2024

Coinbase Announces Plans to Bring cbBTC to Solana Network

September 22, 2024

Flipster And Aptos Foundation Partner To Drive Stablecoin Adoption And Unlock Multichain Opportunities

June 20, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.