Terra founder Do Kwon loses extradition appeal, set to face fraud charges in US over $40B stablecoin collapse
• Do Kwon, founder of Terraform Labs, is reportedly set to be extradited to the US from Montenegro • This comes after a court overturned an earlier appeal that blocked Kwon's extradition • Kwon was arrested in Montenegro in June 2023 with falsified documents when trying to flee • The collapse of TerraUSD stablecoin in 2022 wiped out $40 billion • Both South Korea and US had sought to extradite Kwon on fraud charges related to Terra