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The dust of the struggle has settled! Terra fraud case founder Do Kwon has been extradited to the United States for trial
Terraform Labs co-founder Do Kwon (Kwon Do-hyung) has been extradited from Montenegro (also known as the Republic of Montenegro) to the United States to face fraud charges related to TerraUSD involving $40 billion. After months of legal proceedings, the extradition was officially completed on December 31, 2024.
The statement from the Montenegrin Ministry of Justice mentioned, 'Today, at the transit point at Podgorica Airport, the South Korean citizen Kwon Do-hyung, wanted by both South Korea and the United States, was extradited by INTERPOL officials.'
Montenegrin police handed him over to U.S. authorities at Podgorica International Airport on December 31, 2024. He will stand trial in the United States for his role in one of the largest financial frauds in cryptocurrency history, which triggered stricter regulations on digital assets globally and regulatory scrutiny of mismanaged stablecoins.
The statement from the Montenegrin Ministry of Justice mentioned, 'Today, at the transit point at Podgorica Airport, the South Korean citizen Kwon Do-hyung, wanted by both South Korea and the United States, was extradited by INTERPOL officials.'
Montenegrin police handed him over to U.S. authorities at Podgorica International Airport on December 31, 2024. He will stand trial in the United States for his role in one of the largest financial frauds in cryptocurrency history, which triggered stricter regulations on digital assets globally and regulatory scrutiny of mismanaged stablecoins.
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