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Crypto fugitive Do Kwon extradited to US over $40bn crash

US authorities allege he was responsible for the collapse of two coins, prompting a massive crypto sell-off.

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. 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 he was attempting to board a plane to Dubai in March 2023.

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