S Korean crypto-boss Do Kwon to be extradited to US
Source: BBC
S Korean crypto-boss Do Kwon to be extradited to US
27 December 2024
Jacqueline Howard
BBC News
South Korean cryptocurrency entrepreneur Do Kwon will be extradited to the United States from Montenegro over the collapse of two digital tokens - TerraUSD and Luna tokens.
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.
Montenegro does not have extradition treaties with the US or South Korea, so the matter had to be fought in the courts.
The decision marks an end to more than 18 months of rulings and reversals.
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Read more: https://www.bbc.com/news/articles/cn7r8xr3v76o
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