ChainCatcher news, according to reports from Jinshi citing police sources, Montenegro has extradited Terra co-founder Do Kwon to the United States. (Jinshi)

ChainCatcher news, the extradition process of Terra co-founder Do Kwon has been suspended due to legal objections raised by the Montenegrin prosecutor's office, and he will be investigated.It is reported that Do Kwon has been detained in Montenegro since March 2023, and the Montenegrin authorities are weighing extradition requests from both South Korea and the United States, where he faces criminal charges.Previously, after the collapse of Terraform Labs and the Terra ecosystem in May 2022, which resulted in a loss of $40 billion, Do Kwon was accused of being on the run for months.

ChainCatcher news, the Southern District Court of Seoul, South Korea, will hold the first trial for Terraform Labs co-founder Daniel Shin and seven other colleagues on May 26. They are accused of fraud related to the collapse of the $40 billion Terra-Luna stablecoin cryptocurrency project.According to Yonhap News Agency, Terra co-founder Daniel Shin has assembled a defense team of 30 lawyers. It has also been reported that a former Seoul prosecutor, who was responsible for investigating the Terra-Luna collapse, has been hired. (source link)

ChainCatcher news, according to South Korean media ilyo, the Seoul Southern District Court rejected the prosecution's appeal for the confiscation request against Terraform Labs co-founder Daniel Shin, ruling that the cryptocurrency Luna is not a security.The court stated, "It is difficult to conclude that Luna Coin is a financial investment product regulated by the Capital Markets Act." Other courts in the Southern District also expressed reservations about whether Luna is a security when rejecting the arrest warrant, including "jurisprudentially controversial" and "whether it can be used is questionable under the Capital Markets Act." (source link)

ChainCatcher news, the Southern District Court of Seoul, South Korea, began the arrest review of Daniel Shin, co-founder of Terra and former CEO of Chai Corporation, at 10:30 local time.Previous news, on March 27, South Korean prosecutors pushed for the arrest of Terra co-founder Daniel Shin again. (Source link)

ChainCatcher news, Terraform Labs Pte. Ltd. co-founder Daniel Shin and seven other Terra partners attended a court hearing in South Korea. It is reported that South Korean prosecutors have accused Shin Dong-hyuk and others of violating the Capital Markets Act and the Electronic Financial Transactions Act, allegedly committing fraud.According to prosecutors, Shin Dong-hyuk is suspected of illegally profiting over 140 billion won (approximately 107 million USD) through the LUNA cryptocurrency, promoting the Terra stablecoin as a payment method despite multiple warnings from regulators, and misusing Chai company users' private information to promote Terra-LUNA. Shin Dong-hyuk founded and served as CEO of the payment technology company Chai in 2019, but reportedly resigned earlier this year.Shin denied these allegations, stating that he sold over 70% of his LUNA holdings before the price surge and still held a significant amount of LUNA stock during the bankruptcy of LUNA in May. Shin also claimed that financial authorities had never expressed disapproval of incorporating cryptocurrency into e-commerce payments. (source link)

ChainCatcher news, according to Yonhap News Agency, the Seoul prosecution has requested pre-arrest warrants for Daniel Shin, co-founder of Terra, and 7 others, accusing them of fraud, breach of duty, and violations of capital market laws. Among them, 4 are early investors in Terra Luna, and the other 4 are key personnel in the technical development of Terra and Luna.Prosecutors believe that the design of earning 20% interest by depositing in Anchor is inherently fraudulent, and that the former CEO's sale of Luna for a profit of 140 billion won during the price surge constitutes improper profit. (source link)

ChainCatcher news, according to the Global Economic Daily, Daniel Shi told South Korean prosecutors in a Thursday investigation that he did not sell LUNA at a high point.Earlier reports indicated that the Southern District Court of Seoul approved local prosecutors' request on Thursday to freeze approximately $104 million in assets belonging to Terraform Labs co-founder Daniel Shin. Local authorities believe these assets were illegally obtained through the LUNA cryptocurrency. (forkast)

ChainCatcher news, according to Forkast, the Southern District Court of Seoul, South Korea, approved a request from local prosecutors on Thursday to freeze approximately $104 million in assets belonging to Terraform Labs co-founder Daniel Shin. Local authorities believe these assets were illegally obtained through the LUNA cryptocurrency.ChainCatcher previously reported that earlier this week, the prosecutor's office summoned Daniel Shin to investigate whether his actions of storing pre-issuance LUNA without notifying ordinary investors and then selling the tokens for a profit of $106 million violated capital market laws. The Seoul Southern District Prosecutor's Office conducted a raid yesterday on Chai Corporation, a payment technology company founded by Daniel Shin. (Forkast)

ChainCatcher news, cryptocurrency and financial researcher FatMan tweeted that South Korean prosecutors have summoned Terra co-founder Daniel Shin to participate in an investigation into insider trading, price manipulation, and violations of obligations to Chai customers. Prosecutors stated that Shin violated local securities laws and illegally cashed out over $100 million from LUNA. (source link)