Terraform Labs Founder to Be Extradited to U.S. on Fraud Charges

Do Kwon faces extradition to the United States following a Montenegro court ruling, amid a $40 billion cryptocurrency crash controversy.

A Montenegro court has ruled that Terraform Labs founder Do Kwon should be extradited to the United States to face fraud charges, rather than to his native South Korea.
Kwon was arrested nearly a year ago in Montenegro on an international arrest warrant in connection with a $40 billion crash of Terraform Labs’ cryptocurrency.
Both South Korea and the U.S. have requested Kwon’s extradition, but the court rejected South Korea's request.
Kwon is currently serving a four-month prison sentence in Montenegro for using a fake passport.
The U.S. Securities and Exchange Commission has charged Kwon and Terraform with a multibillion-dollar fraud related to the collapse of TerraUSD, a stablecoin.