– South Korea beats the US to Do Kwon extradition as court cites ‘first-come-first-serve’ – Do Kwon will be extradited to South Korea at an undisclosed date.- Montenegrin Court of Appeal has turned down Do Kwon’s defenders, confirming the High Court’s March 6 decision.- Neither the United States nor Kwon can appeal the decision any further.Terraform Labs founder Do Kwon will be extradited to South Korea.Kwon has been on the radar of authorities from multiple countries since Terra collapsed in mid-2022.The saga provoked a longstanding bear market in the cryptocurrency, with the initial impact wiping out billions of dollars of investor funds.Kwon had fled to Montenegro but was later arrested for possession of falsified documents.Also Read: [LUNC price crash could extend 30% amid oncoming hearing between Terraform Labs and the SEC](https://www.fxstreet.com/cryptocurrencies/news/lunc-price-crash-could-extend-30-amid-oncoming-hearing-between-terraform-labs-and-the-sec-202403200200) Montenegrin court confirms Do Kwon’s extradition Local media [reports](https://sudovi.me/ascg/sadrzaj/xb2l) that The Appellate Court of Montenegro has rejected the appeal of defense attorneys for Kwon Do Hyeong, the defendant, confirming the decision that had been made earlier by the High Court in Podgorica.
Initially, the High Court had allowed the extradition in proceedings of the citizen of the Republic of South Korea.The Asian nation requested that Kwon face criminal prosecution for several criminal offenses.The High Court had also refused an extradition request by US authorities.Citing “order of arrival,” among other criteria pursuant to Article 26 of the Law on international legal assistance in criminal matters, the Appellate Court of Montenegro (court of appeals) echoed the High Court’s ruling that South Korea had made their request earlier than the US.
Article 26 played a role in the determination, providing guidance in a split situation where the extradition of the same person is requested by several countries.The aforementioned decision of the Appellate Court of Montenegro with detailed reasons will be published on the website of the Appellate Court.Information on these pages contains forward-looking statements that involve risks and uncertainties.Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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FXStreet and the author do not provide personalized recommendations.The author makes no representations as to the accuracy, completeness, or suitability of this information.FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Recommended Content Editors’ Picks [Shiba Inu holders take profits, pushing SHIB price nearly 45% below its 2024 peak](https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-holders-take-profits-pushing-shib-price-nearly-45-below-its-2024-peak-202403201239) [](https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-holders-take-profits-pushing-shib-price-nearly-45-below-its-2024-peak-202403201239) Shiba Inu price declined to an intraday low of $0.00002366 on Wednesday, a.nearly 45% drawdown from its year-to-date peak.The recent Bitcoin price correction has resulted in a drop in several other cryptocurrency assets, hitting altcoins and meme coins as well.
[More Shiba Inu News](https://www.fxstreet.com/cryptocurrencies/news?q=shiba%20inu&hPP=15&idx=FxsIndexPro&p=0) [XRP price piles losses as the altcoin slips to $0.57, SEC and Ripple file joint motion to seal upcoming briefs](https://www.fxstreet.com/cryptocurrencies/news/xrp-price-declines-as-sec-and-ripple-file-proposal-to-keep-briefing-under-wraps-in-lawsuit-202403200606) [](https://www.fxstreet.com/cryptocurrencies/news/xrp-price-declines-as-sec-and-ripple-file-proposal-to-keep-briefing-under-wraps-in-lawsuit-202403200606) XRP price extends losses with recent development in SEC vs.Ripple lawsuit.SEC and Ripple have filed a joint sealing proposal related to the upcoming remedies-related brief on March 22.
XRP price could extend losses to $0.54 in its downtrend.
[More Ripple News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Ripple) [Fantom price set to revisit $1.77 as co-founder teases new achievements for the FTM blockchain](https://www.fxstreet.com/cryptocurrencies/news/fantom-price-set-to-revisit-177-as-co-founder-teases-new-achievements-for-the-ftm-blockchain-202403200931) [](https://www.fxstreet.com/cryptocurrencies/news/fantom-price-set-to-revisit-177-as-co-founder-teases-new-achievements-for-the-ftm-blockchain-202403200931) Fantom (FTM) price trades at $0.901 after rallying 119% in the past three weeks.As the wider crypto markets sells off, this ascent has paused.However, technical indicators suggest that its rally will likely resume soon, pushing FTM higher.[More Fantom News](https://www.fxstreet.com/cryptocurrencies/news?q=fantom&hPP=15&idx=FxsIndexPro&p=0) [Cardano holders realize nearly $20 million in losses as ADA price bleeds](https://www.fxstreet.com/cryptocurrencies/news/cardano-holders-realize-nearly-20-million-in-losses-as-ada-price-bleeds-202403200907) [](https://www.fxstreet.com/cryptocurrencies/news/cardano-holders-realize-nearly-20-million-in-losses-as-ada-price-bleeds-202403200907) Cardano price dipped to $0.56 on Wednesday, offering sidelined buyers the opportunity to buy the token nearly 30% below its year-to-date peak of $0.8104.
The decline followed a marketwide correction and mass liquidations in Bitcoin after its price dropped to $62,000.[More Cardano News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Cardano) [Bitcoin: Can BTC hit $100,000 without a correction?](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-can-btc-hit-100-000-without-a-correction-202403151307) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-can-btc-hit-100-000-without-a-correction-202403151307) Bitcoin (BTC) price shows a slowdown in momentum as it set up a new all-time high of $73,949 on March 13.
Considering the massive uptrend that BTC has been experiencing, a short-term correction is nothing to be concerned about.[Read full analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-can-btc-hit-100-000-without-a-correction-202403151307).