The Montenegrin court decided to release Terra (LUNA) founder Do Kwon on house arrest.
A remarkable decision was made about Do Kwon, who has been detained in Montenegro for about a year. On March 22, the Montenegrin court announced that Do Kwon was released under house arrest.
A short time ago, there was a decision that Do Kwon would be extradited not to the USA but to South Korea. However, this decision was suspended by the Montenegrin court in light of the latest announcements.
This mild punishment against Do Kwon has led to a rise in related cryptocurrency projects. With the impact of the news flow,%15 increase, and %11 increase were seen in LUNA and LUNC, respectively.
Terra Luna and TerraUSD, developed by Kwon, crashed together with Terra’s algorithmic stablecoin UST in May 2022, causing investors to suffer billions of dollars in losses.
The fact that Do Kwon, who caused investors to suffer billions of dollars in losses over the years, was not given a heavy punishment and this gift-like punishment decision about him has gathered the reactions of the cryptocurrency market.
