Following the approval, it is now up to Montenegro’s Minister of Justice to decide which country gets the first crack at Do Kwon, who is currently detained in Montenegro.
The South Korean court noted that it would study the submissions of Daniel Shin's legal team; both parties are expected to be in court on August 28 for a second hearing.
The LUNA and TerraUSD founder was taken into custody over charges of document forgery, but he will complete his sentence in a month as the time he spent in detention will be considered.
Building on the SEC's earlier announcement, the U.S. DOJ and FBI are reportedly pursuing fraud charges against Terraform Labs CEO Do Kwon in relation to the collapse of TerraUSD stablecoin in May.
Law enforcement authorities in Singapore are probing Terraform Labs for evidence of fraudulent activity or complicity in the de-pegging of its TerraUSD.
Terra founder Do Kwon's future is looking bleak as the U.S. SEC cements the allegations against him that resulted in the collapse of the trading system by formally filing charges.
The bankruptcy of ‘crypto’ hedge fund Three Arrows Capital (3AC) continues to rock the wider digital asset sector, threatening an ever-widening pool of companies that put their trust in a pair of scammers.
Founders of Three Arrows Capital (3AC), a ‘crypto’ hedge fund, appeared to have gone missing after filing for bankruptcy.
The order was made in response to an emergency motion by liquidators, who say that 3AC’s founders—Su Zhu and Kyle Davies—have been uncooperative.