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S Korean crypto-boss Do Kwon to be extradited to US
The man behind the collapse of terraUSD and Luna tokens faces fraud charges in the United States.
For months, the US and South Korea have been seeking Kwon's extradition, alleging that fraud led to the failure of the company behind the tokens, which sunk some $40bn (£31.7bn) from investors and rocked global crypto markets. "It was concluded that the majority of the criteria prescribed by law favour the extradition request from the competent authorities of the United States of America," the statement said. The former finance officer of Terraform Labs, Hon Chang-joon, was extradited to South Korea in February, after serving four months in prison in Montenegro over fraud charges.
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