Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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A Montenegro judge agrees to extradite collapsed crypto founder Do Kwon.
But now the question is: to where? Kwon faces charges in both the US and South Korea in connection with the collapse of the Terra stablecoin and its sister token Luna.
Kwon was arrested in Montenegro in June and spent four months in prison for attempting to use a fake passport. Federal prosecutors in the US filed additional charges against Kwon following his arrest, accusing him of wire fraud, commodities fraud, securities fraud, and more.
A Montenegrin Justice Minister must now decide whether to extradite Kwon to the US or South Korea.
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