Do Kwon to be extradited to the U.S. to face criminal charges: WSJ
Summary
Do Kwon, co-founder and former CEO of Terraform Labs, is reportedly set to be extradited to the United States to face criminal charges, according to The Wall Street Journal. The charges involve allegations of fraud and securities-law violations tied to the collapse of the Terra algorithmic TerraUSD (USTC, previously UST) stablecoin and associated cryptocurrencies last year. Kwon was imprisoned in Montenegro for traveling with forged documents, and although he consented to be extradited to South Korea, Montenegro’s Justice Minister Andrej Milovic is said to plan on sending him to the United States. An appeal against the extradition has been launched by Kwon.
