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Blockchain

Do Kwon will be extradited to the US to face charges over Terra’s $40 billion crypto crash


“It was concluded that most of the criteria provided for by law support the extradition request of the competent authorities of the United States of America,” a machine-translated version of Montenegro’s Ministry of Justice’s statement said. It doesn’t say when Montenegro plans on releasing Kwon to the US. As noted by Bloomberg, it’s also unclear whether this decision is final, since Montenegro ruled to extradite Kwon to South Korea in August.



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

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by Tech In Asia

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