Learn English: Crypto Boss Do Kwon Headed to US for Trial (hard)

22 hours, 57 minutes ago

Crypto Boss Do Kwon Headed to US for Trial

Do Kwon, the South Korean cryptocurrency entrepreneur, will be extradited to the United States to face fraud charges.

The extradition follows the collapse of his TerraUSD and Luna tokens, causing a massive $40 billion loss to investors worldwide.

Montenegro, where Kwon was arrested, finally approved his extradition despite lacking formal treaties with either the US or South Korea.

This decision ends over a year of legal battles and concludes a significant chapter in the cryptocurrency world's history.

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Source

Original: BBC News

Tags

#Do Kwon #Cryptocurrency #TerraUSD #Luna #Extradition

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