Learn English: Crypto CEO Do Kwon's Extradition to the US (normal)

1 day ago

Crypto CEO Do Kwon's Extradition to the US

Do Kwon, the founder of a cryptocurrency company, faces extradition to the United States for his alleged role in a massive financial scandal.

His company's digital tokens, TerraUSD and Luna, crashed spectacularly, wiping out nearly $40 billion in investments.

After his arrest in Montenegro, a lengthy legal process ended with the approval of his extradition to the US for trial.

This case highlights the risks and legal complexities associated with the volatile and largely unregulated cryptocurrency market.

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Original: BBC News

Tags

#Do Kwon #Cryptocurrency #TerraUSD #Luna #Extradition

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