The cancellation of Terra (LUNA) founder Do Kwon’s extradition to the USA brought an increase in related altcoins.
The highest court of Montenegro, where Do Kwon was caught and detained, Last week South Korea It rejected the extradition request and announced that Kwon would be extradited to the USA.
According to Montenegro’s new statement, Do Kwon’s extradition to the USA has been cancelled. Do Kwon had previously objected to the request to be extradited to the United States to avoid facing charges related to the Terra collapse, which caused a huge decline in the cryptocurrency market.
According to CoinGecko data, the cancellation of the founder’s extradition to the USA brought a rise in Terra-related tokens.
Terra Classic (LUNC) price 11% of $0.000186 with transcendental rise $0.000207 reached. Terra’s token before it became Terra Classic LUNA whereas 18%, once a stablecoin Terra USD Classic whereas (USTC) 9% showed an upward performance.