Do Kwon Extradited to the U.S.

- Montenegro has officially extradited Do Kwon, the former CEO of Terraform Labs, to the U.S. on December 31. Mr. Kwon faces charges of conspiracy to commit fraud related to the collapse of TerraUSD and Luna, causing $40 billion in losses to investors and shaking the cryptocurrency market in May 2022.

- The Constitutional Court of Montenegro rejected Kwon's appeal against the extradition decision. He was arrested in March 2023 at Podgorica airport while attempting to flee to Dubai with a fake passport.

- In addition to the U.S., Kwon also faces charges in South Korea. Although Montenegro does not have an official extradition treaty, the request from the U.S. met sufficient legal criteria. ⚖️

- This case could reshape accountability in the volatile cryptocurrency industry. 🌐