US Judicial Authority Takes Custody of Terraform Labs Founder Do Kwon After Montenegro Extradition
by aria-crypto.com
December 31, 2024 at 23:19
US Judicial Authority Takes Custody of Terraform Labs Founder Do Kwon After Montenegro Extradition
Montenegro has officially extradited Terraform Labs co-founder Do Kwon to the United States following a series of legal battles, culminating in his arrest at the Podgorica Airport. The U.S. filed charges against Kwon for his role in the $40 billion collapse of the TerraUSD and Luna cryptocurrencies, which had a widespread impact on the crypto market. Kwon was detained attempting to board a flight with falsified Costa Rican documents and had previously evaded international authorities. The decision came after the Montenegrin Constitutional Court declined Kwon’s final appeal, affirming the U.S.'s extradition request over South Korea's. He faces multiple charges including fraud and conspiracy in the U.S., where the legal actions against him continue to unravel, potentially leading to significant prison time. His previous dealings with the U.S. SEC, which resulted in a substantial financial settlement, underscore the severity of the allegations he now confronts. U.S. authorities remain steadfast in their pursuit of justice, reflecting a zero-tolerance policy toward fraud in sectors involving significant technological and financial innovation.
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