According to breaking information, the Montenegrin Supreme Court of Podgorica decided to extradite Do Kwon to the USA.
Kwon’s extradition to the US in March will come just months after a trial jury convicted FTX co-founder Sam Bankman-Fried of fraud.
The collapse of the Singapore-based Terraform company’s TerraUSD stablecoin shook the crypto world in the spring of 2022 and played a role in the collapse of FTX.
Kwon is under indictment from the Manhattan U.S. attorney’s office, which also prosecuted Bankman-Fried. According to prosecutors, Kwon deceived investors about the Terra blockchain, including its technology and the extent to which it was adopted by users.
*This is not investment advice.
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