Do Kwon’s Extradition: $40 Billion Crypto Crash Fuels Debate on US Dollar’s Future
Do Kwon, founder of Terraform Labs, has been extradited to the United States to face charges related to the $40 billion collapse of TerraUSD and Luna cryptocurrencies in 2022. The US alleges Kwon orchestrated a multi-billion dollar fraud, leading to significant investor losses and market turmoil. Following his arrest in Montenegro after fleeing South Korea, a protracted legal battle concluded with his extradition despite the lack of a formal extradition treaty. This marks the end of an 18-month legal process.
John Q. Hosedrinker