🚀🇹🇷 Hello#cryptofriends! Here's some news that will make you laugh and think: Do Kwon, co-founder of Terraform Labs, will be released from Spuž prison in Montenegro, but he will not be allowed to leave the country! 😂
🏛️ The Montenegro Supreme Court made this decision by confiscating Kwon's passport. This is the latest development in Kwon's legal adventure.
🌐 The case against Kwon is attracting international attention. Montenegro prosecutors prefer Kwon to be extradited to the United States rather than South Korea. In the US, Kwon could face a longer prison sentence if convicted.
💸 This legal struggle is taking place after the collapse of Terraform Labs' cryptocurrencies Terra and Luna in May 2022. The incident caused the market value to be wiped out by over $40 billion.
🚔 Kwon's arrest in Montenegro was made possible by an Interpol Red Notice due to his use of fake travel documents. This highlights international efforts to address legal issues related to the Terraform Labs case.
📉 The accusations against Kwon are related to the huge financial losses suffered by investors following the rapid decline of Terra and Luna. This highlights the risks and regulatory challenges in the cryptocurrency industry.
🗣️ So what do you think? Share your thoughts on this subject in the comments!#blockchain#TerraformLabs #DoKwon
Note: This text has been condensed into 650 characters due to the Turkish character limit.