Kwon Do-hyung, the founder of Terraform Labs and the mastermind behind the collapsed Terra ecosystem, faces a possible extradition to the United States following the dismissal of his constitutional petition. Yonhap News Agency reported on this recent development, indicating that Kwon's extradition has become more likely as a result. The extradition request from the US authorities stems from the charges against Kwon related to the collapse of Terra, which sent shockwaves through the cryptocurrency market in May 2022. Kwon is accused of fraud and other financial crimes, with US prosecutors seeking his presence to face trial. Kwon's legal team had filed a constitutional petition to challenge the extradition request, arguing that the charges against him were politically motivated. However, the court has dismissed this petition, paving the way for Kwon's extradition to the US. The Terra ecosystem's collapse, largely attributed to the failure of its algorithmic stablecoin TerraUSD (UST), resulted in billions of dollars in losses for investors. Kwon's extradition to the US would mark a significant step in the legal proceedings surrounding this high-profile case.