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Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea

A Montenegrin appeals court on Thursday upheld a ruling by a lower court to hand over a South Korean mogul known as “the cryptocurrency king” to his native country, rejecting a bid to extradite him to the United States. The move follows a months-long legal saga in the case of Do Kwon, the Terraform Labs founder who was arrested in Montenegro last year. Both South Korea and the U.S. had requested Do Kwon’s extradition from Montenegro.

Bitcoin and Ethereum Prices Plunge on Recession Fears as Liquidations Spike

The crypto market is bleeding red as of late Friday afternoon, with major assets like Bitcoin and Ethereum plunging by 5% or more following a rough U.S. jobs report that also spooked the stock market—and prompted fears of an impending recession. The price of Bitcoin fell well under $62,000 on Friday, dipping as low as $61,308 per data from CoinGecko. It's back up to just above $62,000 as of this writing, but is still down about 5% on the day from a 24-hour peak of $65,505. Meanwhile, Ethereum fe...