In the US, Do Kwon faces charges of securities fraud, wire fraud, commodities fraud and conspiracy. Yep, that's a whole lotta fraud.
Do Kwon, former crypto darling and now fugitive, has been arrested in Montenegro. Kwon was the driving force behind and public face for the TerraUSD stablecoin and the Luna cryptocurrency, the collapse of which saw an estimated $40 billion in value disappear overnight. Late last year, who swiftly went into hiding while publicly denying he was in hiding. I guess that's one good use for Twitter.
"The former 'cryptocurrency king', who is behind losses of more than 40 billion dollars, was detained at the Podgorica airport with falsified documents, and South Korea, the USA and Singapore are demanding [his extradition]." It had been thought that Do Kwon was in Serbia, which shares a border with Montenegro, and the South Koreans had even gone as far as sending officials to Belgrade in order to prepare the ground for extradition . Montenegro does not have extradition treaties with South Korea or the US but that only means it'll take a little longer before Kwon's cuffed-up on a plane: Where he's going to face trial is the bigger question.
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