​It is widely known that not everyone can look into the future now (c).
But I have long assumed that it would be very difficult to extradite Do Kwon from small but proud Montenegro.

And I was right. A Montenegro court has overturned the extradition of Terraform Labs co-founder Do Kwon to South Korea or the United States approved by the Supreme Court in December 2023, its decision said.

The country's appeals court cited procedural irregularities during the trial as grounds for overturning Kwon's extradition.

A South Korean citizen was detained in Montenegro and accused by South Korean and US authorities of fraud related to the collapse of the TerraUSD (UST) and LUNA (renamed LUNC) tokens. Kwon's crypto project Terra failed in May 2022, resulting in losses of $60 billion to the crypto community.

At the end of November 2023, the Supreme Court approved Kwon's extradition at the request of the South Korean and US authorities. The decision to which of these two countries he would be sent was to be made by the Minister of Justice of Montenegro.

However, on December 19, 2023, Kwon won an appeal that overturned the Supreme Court's original decision. On December 29, 2023, the Supreme Court again approved the extradition of the businessman, after which he filed a second appeal in January, which he also won. The case will be returned to the trial court for retrial.

In July, a new law will come into force in South Korea that provides for life imprisonment for financial crimes related to cryptocurrency.

South Korea's Financial Services Commission (FSC) announced on February 7 that individuals who earned more than 5 billion won ($3.76 million) from illegal cryptocurrency activities could face criminal penalties of up to life imprisonment or a fine of twice the income. obtained by criminal means.

As expected, a person who has a fortune several times greater than the external debt of a small but proud country simply cannot be extradited to some rich countries, where others will take his money.

For reference: while Do Kwon was in the Montenegrin “prison”, according to official information, Montenegro’s public debt decreased to 4024 EUR billion. At the time of Do Kwon’s arrest, the volume of public debt reached 4331 EUR million.

When a person has no money and has committed a crime, then prison is his fate. When there is a lot of money and others are claiming it, fate is a subject of agreement. But the main question is where and in what currency do you have your money?

Now let's think about where Do Kwon would be now if his money was not in crypto, but in dollars in an American or Korean bank? We would have forgotten his name long ago, since more than a year would have passed since his funeral.

Of course, no one condones his fraud, but if you become disliked by the authorities for any reason, even unrelated to fraud, you will be found and eviscerated in any country in the world. However, by owning cryptocurrency, you have a much greater chance of saving not only your money, but also your life.

This is exactly why cryptocurrency was created. As you understand, neither USDT nor ETH will suit you in this capacity. But only real cryptocurrencies, starting with Bitcoin. Everything else will be taken away or blocked and confiscated.
​It is widely known that not everyone can look into the future now (c). But I have long assumed that it would be very difficult to extradite Do Kwon from small but proud Montenegro.

And I was right. A Montenegro court has overturned the extradition of Terraform Labs co-founder Do Kwon to South Korea or the United States approved by the Supreme Court in December 2023, its decision said.

The country's appeals court cited procedural irregularities during the trial as grounds for overturning Kwon's extradition.

A South Korean citizen was detained in Montenegro and accused by South Korean and US authorities of fraud related to the collapse of the TerraUSD (UST) and LUNA (renamed LUNC) tokens. Kwon's crypto project Terra failed in May 2022, resulting in losses of $60 billion to the crypto community.

At the end of November 2023, the Supreme Court approved Kwon's extradition at the request of the South Korean and US authorities. The decision to which of these two countries he would be sent was to be made by the Minister of Justice of Montenegro.

However, on December 19, 2023, Kwon won an appeal that overturned the Supreme Court's original decision. On December 29, 2023, the Supreme Court again approved the extradition of the businessman, after which he filed a second appeal in January, which he also won. The case will be returned to the trial court for retrial.

In July, a new law will come into force in South Korea that provides for life imprisonment for financial crimes related to cryptocurrency.

South Korea's Financial Services Commission (FSC) announced on February 7 that individuals who earned more than 5 billion won ($3.76 million) from illegal cryptocurrency activities could face criminal penalties of up to life imprisonment or a fine of twice the income. obtained by criminal means.

As expected, a person who has a fortune several times greater than the external debt of a small but proud country simply cannot be extradited to some rich countries, where others will take his money.

For reference: while Do Kwon was in the Montenegrin “prison”, according to official information, Montenegro’s public debt decreased to 4024 EUR billion. At the time of Do Kwon’s arrest, the volume of public debt reached 4331 EUR million.

When a person has no money and has committed a crime, then prison is his fate. When there is a lot of money and others are claiming it, fate is a subject of agreement. But the main question is where and in what currency do you have your money?

Now let's think about where Do Kwon would be now if his money was not in crypto, but in dollars in an American or Korean bank? We would have forgotten his name long ago, since more than a year would have passed since his funeral.

Of course, no one condones his fraud, but if you become disliked by the authorities for any reason, even unrelated to fraud, you will be found and eviscerated in any country in the world. However, by owning cryptocurrency, you have a much greater chance of saving not only your money, but also your life.

This is exactly why cryptocurrency was created. As you understand, neither USDT nor ETH will suit you in this capacity. But only real cryptocurrencies, starting with Bitcoin. Everything else will be taken away or blocked and confiscated.