The world’s most notorious cryptocurrency fraudster provoked the growth of his own cryptocurrency by 53%

Amid court rulings against Terraform Labs and its founders, Terra Classic (LUNC) has shown growth, outperforming bitcoin and most altcoins. The token of one of the most notorious crypto criminals managed to rise by 53% in a day.

According to analysts, the rapid growth of the fraudulent cryptocurrency is associated with its founder, До Квон" href="https://noworries.news/biography/do-kvon/" data-bio-id="3665">Do Kwon. A few days earlier, a court in Podgorica, the capital of Montenegro, approved the extradition of the co-founder of Terraform Labs. Now Do Kwon will be sent to either South Korea or the United States.

Thanks to the court decision, LUNC grew by 59.3% in a week, 45.6% in 14 days, and 90% in a month. However, the annual drop of Terra Classic is 23.9%. The market capitalization of the Do Kwon token is $ 714.4 million, and the daily trading volume is $ 645.6 million.

In March of this year, Do Kwon was arrested in Montenegro for his role in the Terra ecosystem collapse, which resulted in investors losing $ 40 billion. In June, South Korean prosecutors said that Do Kwon faces more than 40 years in prison for organizing one of the largest financial crimes.