Do Kwon in US custody, South Korean president impeached: Law Decoded
Do Kwon, co-founder of Terraform Labs, was extradited to the United States from Montenegro after a lengthy legal process. Montenegrin authorities approved the extradition despite South Korea's petition, where Kwon also faces charges related to the collapse of Terra. In a separate development, South Korean President Yoon Suk Yeol received an arrest warrant for attempting to impose martial law, marking the first instance of a sitting president facing such a warrant. Yoon was impeached and replaced by Deputy Prime Minister Choi Sang-mok. Additionally, John Deaton, a pro-crypto lawyer, offered to investigate Operation Chokepoint 2.0, which allegedly aims to exclude crypto firms from traditional banking. Meanwhile, China implemented new foreign exchange rules requiring banks to monitor crypto-related trades to combat illegal financial activities.
