DeFi News Daily Official TheBitTimes.com

It was over seven years ago when numerous crypto exchanges, including Bitfinex and leading Canadian exchange QuadrigaCX, began to experience serious money issues. Crypto exchanges, in general, were suddenly being squeezed by their payment processor of last resort, the Panamanian shadow bank Crypto Capital Corp, and no one at the bank was answering calls. As hours turned into days, days into weeks, and weeks into months it became clear: the people working at Crypto Capital Corp had decided to close up shop and quietly walk away with over $800,000,000. It wasn’t long before the names of those involved with Crypto Capital Corp were public, and it turned out there were only four of them: Reginald “Reggie” Fowler, Ivan Manuel Molina Lee, and brother and sister duo Ozzie and Ravid Yosef. Soon, an indictment was filed in the Southern District of New York and shortly thereafter, Fowler and Molina Lee were arrested. Fowler pled guilty and was ordered to pay almost $800,000,...

While Montenegro continues to flip-flop on where — or even if — to extradite Do Kwon, it appears that the crypto scammer is managing to single-handedly rip the Balkan nation apart. Most recently, the former minister of justice, Andrej Milovic, accused current prime minister, Milojko Spajić, of purposely attempting to have Do extradited to South Korea instead of the United States for his own selfish reasons. Milovic said, “Prime minister Milojko Spajić and his close friend lawyer Goran Rodić, Do Kwon’s defender, are trying in every way to prevent Do Kwon’s extradition to the USA, in order not to stop the complete investigation by the US judicial authorities and examine the business relationship between Do Kwon and Spajić, which they had before the indisputably mounted the pre-election scandal surrounding the arrival of Do Kwon in Montenegro and the connection with the financing of PES (the political party of Spajić).” He also claimed that he lost his role spec...

The Appeals Court in Montenegro overruled the High Court’s previous decision to extradite Do Kwon, per a Vijesti report from December 19. The Appeals Court found that there had been multiple violations in the legal proceedings that led to the High Court decision on November 17. According to the statement, the decision to extradite Do Kwon does not offer sufficient reasons, and the reasons provided are themselves unclear. The Court, thus, concluded that the High Court’s ruling should be overruled and the case brought back to the Primary Court in Podgorica, the capital of Montenegro. In the same ruling, the Appeals Court also decided that Do Kwon’s associate, Hon Chang Joon, is also not to be extradited to either the United States or South Korea at this time. The court, however, sustained Kwon and Joon’s 4-month prison sentence in Montenegro. Arrest in Montenegro and extradition requests After multiple months on the run due to his role in the Terra (LUNA) crash, Do Kwon and Hon...