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South Korean crypto entrepreneur Do Kwon, accused of causing a $40B crypto crash, extradited to the U.S.
South Korean crypto entrepreneur Do Kwon, accused of causing a $40 billion crash in the cryptocurrency market with his company Terraform Labs, has been extradited from Montenegro to the United States.
Kwon, wanted for fraud, had been on the run since 2022 and was arrested in Montenegro in March 2023 using a fake passport.
The crash of his TerraUSD and Luna tokens in 2022 led to significant losses for investors worldwide.
Despite legal challenges, Montenegro's justice ministry approved his extradition to the U.S.
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El criptoempresario surcoreano Do Kwon, acusado de causar un accidente criptográfico de $40B, extraditado a los EE.UU.