Extradition Marks End of Legal Saga
Terraform Labs co-founder Do Kwon has been extradited to the U.S. following months of legal proceedings in Montenegro. Kwon faces criminal charges, including fraud and money laundering, tied to the collapse of TerraUSD and Luna, which caused billions in investor losses.Montenegro’s Justice Ministry Decision
The extradition was finalized after Montenegro’s Justice Minister signed the order, following competing requests from South Korea and the U.S. The decision prioritized the severity and location of the offenses, with U.S. authorities taking custody of Kwon for prosecution.Global Impact of Terraform Collapse
Kwon’s case underscores the far-reaching consequences of crypto fraud. The extradition highlights the growing collaboration between international authorities and signals intensified scrutiny on high-profile crypto cases worldwide.
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