Du Quan, founder of #TerraformLabs, has been extradited from Montenegro to the United States to face fraud charges. Accused of orchestrating schemes to mislead investors, he allegedly inflated the value of Terraform’s cryptocurrencies through manipulation and misrepresentations, causing losses of over $40 billion after the collapse of#TerraUSDand #LUNA in May 2022. The charges include commodity fraud, securities fraud, wire fraud, and money laundering, with a maximum sentence of 130 years. Quan allegedly laundered proceeds, misrepresented products, and used fraudulent tactics to avoid detection. His first court appearance in New York is scheduled for January 8, 2025.