Posted 12/7/2023, 4:07:36 PM
Terra Luna Founder Do Kwon to Be Extradited to US to Face Fraud Charges Over $40B Crypto Collapse
- Do Kwon, founder of failed crypto Terra Luna, to be extradited from Montenegro to the United States
- Kwon was arrested in Montenegro in March 2022 for using falsified documents when trying to leave the country
- Extradition comes after years of criminal charges against Kwon in the US and South Korea for the $40 billion Terra Luna/TerraUSD crash
- Kwon faces charges from the SEC in the US for allegedly "orchestrating a multibillion-dollar crypto asset securities fraud"
- Extradition expected to lead to a trial against Kwon regarding crimes committed as head of Terra Luna