**News Flash: Do Kwon to Be Extradited to South Korea**
In a significant legal development, the Montenegro Appellate Court has upheld the decision to extradite Terraform Labs co-founder Do Kwon to South Korea. This ruling finalizes a series of legal battles over Kwon's extradition, which had also considered the United States as a potential destination.
- **Background**: In April, a US court found Kwon and Terraform Labs liable for fraud, including misleading investors and mishandling funds.
- **Settlement**: Terraform Labs agreed to a $4.47 billion settlement with the SEC in June.
- **Closure**: The company announced it would cease operations by June 2024.
Stay tuned for more updates.