Do Kwon, the South Korean founder of Terraform Labs, has been extradited to the United States. Authorities in the country accused Do Kwon of orchestrating a multi-billion dollar crypto fraud following the collapse of his company’s Terrausd and Luna cryptocurrencies in 2022. The collapse caused billions of dollars in losses across the market. Do Kwon fled South Korea after a warrant was issued for his arrest and was eventually apprehended in Montenegro. Following a lengthy legal battle, Montenegro approved his extradition to the US in December. Do Kwon’s extradition to the U.S. brings an end to a prolonged legal saga.

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