TERRA LUNA CLASSIC DO KWON IS JAILED! 

Terra Luna classic Army hit his official The Fez have done a complete 180 on the Tariff founder do Quan and he is indeed being locked up now the good news here is this is not affecting the charts too much but the news has just come out as do Quan has been sentenced to four months in jail in Montenegro document forgery case now we can also see that the court has ordered the confiscation of two Acosta Rican passports two Belgian passports and two identity cards belonging to Quan and Terra executive Han Chang Jun so with that in mind dokon

 is going to be locked away for four months now this won't really actually affect Terra Luna classic specifically it will however affect Luna 2.0 which of course came after or he is in charge of the team that is doing development on this and obviously four months is a very long time for cryptocurrency so if you're worried about terrible New Classic like my short answer is don't be worried it's not going to actually affect the development right we're still going to be building we still have the

l1tf task force we're still going ahead and providing developments and updates and don't Quan being arrested won't actually change that at all and leading up to Kwan's arrest in Montenegro the former executive maintained he was not on the Run even as authorities in South Korea started an international search Forum including requesting a red notice from Interpol now he doesn't actually officially have a red notice on Interpol that should be included here but it was requested oh South Korean and U.S

authorities have requested his extradition to face criminal charges related to the collapse of multi-billion dollar crypto Enterprise Tara in May 2022. with that in mind this is something we're going to need to be looking out for here because of course um this is a big deal if he does get actually locked up and charged with you know the collapse of Terra that's going to be a much different story this actually might affect Terror Luna classic a little bit because because of course it was affected by the collapse

 that did of course happen last year here as we can see right before it spiraled down from 116 dollars all the way to where it is today and that's where we will have a little need for concern but there's been no developments in this regard yet so you know that's okay we're looking okay at the current moment we can also see that a high court in podgurika earlier confirmed to coindesk that Quan will remain in extradition custody for six months while South Korea's request is under consideration

so there's no decision being made but that's a long time to be held of course on extradition custody now I will be providing updates when we know more about the extradition and how that's going to go because that'll have huge ramifications and of course that is something we need to be weary of now if we look right here we can also see that crypto.

com is trading its own exchange and they insist that's completely fine but this is what the SEC is now going to be attacking crypto.com for so we can expect a little bit more turbulent Waters in The crypto industry in the short time here there's something to be looking out for one of the largest exchanges is indeed being attacked by the SEC and there are now news agencies that are picking up a lot on this negative Flack now with all of that being said luno classic is still looking great we're still burning hundreds of

 millions every single day which is absolutely phenomenal and we're still doing really well when it coms to actually heroin and classic staking as well you guys have been doing a great job staking with my burn and build validator note so I appreciate all of you guys let's continue doing that let's continue fighting the right fight and doing what's right for our community I love all of you guys I'll see you next time peace out