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Alleged TerraUSD crypto fraudster Do Kwon facing U.S. charges after Montenegro extradition

Crypto News

Police officers escort South Korean crypto mogul Do Kwon (C) to a holding facility for foreigners pending his extradition, in Podgorica, Montenegro, in March. File Photo by Boris Pejovic/EPA-EFE

1 of 2 | Police officers escort South Korean crypto mogul Do Kwon (C) to a holding facility for foreigners pending his extradition, in Podgorica, Montenegro, in March. File Photo by Boris Pejovic/EPA-EFE

Jan. 2 (UPI) — Alleged crypto fraudster Do Kwon was facing multiple federal charges in the United States Thursday after being extradited from Montenegro. He was a fugitive wanted in the 2022 $40 billion TerraUSD collapse.

Kwon’s extradition after 18 months on the run was completed at Podgorica International Airport. His extradition was first reported by Bloomberg.

Kwon, full name Kwon Do-hyung, is co-founder of Terraform Labs.

Financial damage from his alleged fraud that led to the huge crypto crash is…

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