Bitcoin News

Do Kwon Might See the Last Bitcoin Mined If He Lives Enough To Serve His Sentence

  1. The last bitcoin will be mined in 2140, according to the Blockchain Council.
  2. Do Kwon is facing charges that may cause him to serve more than 140 years.
  3. Montenegro has yet to decide whether to extradite Kwon to the US or South Korea.

Do Kwon may need to outlive every human being today should he be found guilty in all criminal cases filed against him, as he might potentially have to serve more than 140 years combined in prison in the US and South Korea. 

Read CRYPTONEWSLAND on google news

In fact, he may even see the last bitcoin (BTC) mined in approximately 2140, according to the Blockchain Council. After the last block reward is given in the said year, future blocks will not award any reward anymore.

At the moment, both the US and South Korea are vying to get their hands on Do Kwon. People are now speculating on which country Montenegro will hand over Kwon to. In addition, there are currently several bets happening on the prediction platform Polymarket regarding the country to which Do Kwon, who was recently arrested in Montenegro, will be extradited. 

Currently, bets on South Korea are priced higher than bets on the United States, but it remains to be seen where Kwon will ultimately end up.

There is also a significant difference in the criminal penalties between the two countries. The maximum sentence in the United States can be over 100 years for certain crimes, while the maximum sentence in South Korea is only around 40 years. Montenegro has yet to decide on which situation plays out and which country ultimately secures Kwon’s extradition.

Read Also :

Jesus Dawal

Jesus Dawal Jr covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.

Recent Posts

Telegram’s Surge Boosts TON: Paving the Way for Crypto Adoption

#Telegram hits 900M users, fueling massive growth for its blockchain #TON! 💼 Seamless transactions, but…

31 mins ago

BlockDAG’s Shibuya Keynote Captivates Raffle Coin and Kelexo Presales Investors During History’s Biggest Bull Run

Experience the future of cryptocurrency with BlockDAG’s Shibuya Keynote alongside the exciting Raffle Coin and…

31 mins ago

Ethereum Holds Strong at $3,150 Amid Market Manipulation

Discover #Ethereum's resilience post-Bitcoin halving, stabilizing near $3,150 despite market turbulene. #ETH

2 hours ago

Solana’s Impressive Surge: Eyes Steady Rise Through May

#Solana climbs higher on bullish momentum, fueled by whale activity and growing confidence. 🚀 #SOL

3 hours ago

Uniswap CEO Discusses Ethical Token Distribution Practices

Hayden Adams, CEO of Uniswap, condemns low-float token strategies, and advocates for transparent distribution to…

4 hours ago

XRP Analyst Predicts Potential Cycle Peak on September 9, 2024, XRP Army Celebrates Bullish Momentum

Popular #crypto and #XRP analyst #EgragCrypto predicts a cycle peak on September 9, 2024, based…

6 hours ago