Cryptocurrency Mogul Do Kwon Arrested in Montenegro, Faces Extradition to South Korea Over TerraUSD Stablecoin Collapse

• Cryptocurrency mogul Do Kwon arrested in Montenegro in March 2022 trying to fly to Dubai on fake passport • Wanted by both South Korea and U.S. for fraud and financial crimes related to collapse of his TerraUSD and Luna cryptocurrencies • Montenegrin court ruled he should be extradited to South Korea after appeals court overturned earlier ruling to send him to U.S. • TerraUSD was a "stablecoin" that was supposed to be pegged to the dollar but crashed, erasing $40 billion in market value • Kwon also serving 4-month prison sentence in Montenegro for using false passport; further court appeals possible