fugitive cryptocrash boss finally extradited to US
A South Korean man accused of being responsible for a cryptocurrency crisis which cost investors $40bn (£31.8bn) has finally been extradited to the United States.
Do Kwon was the boss of Terraform, which operated two cryptocurrencies – TerraUSD and Luna – both of which collapsed in 2022, sparking a wider sell-off in the crypto market.
The US says he was responsible for the coins’ failure, accusing him of “orchestrating a multi-billion dollar crypto asset securities fraud”.
Kwon fled South Korea after a warrant for his arrest was issued, eventually ending up in Montenegro where he has now been extradited from, following a lengthy legal battle.
He was previously found guilty of forging documents by a Montenegro court, having been arrested as…
