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Crypto fugitive Do Kwon extradited to US over $40bn crash [View all]
https://www.bbc.com/news/articles/cwy30n29qx5oA South Korean man accused of being responsible for a cryptocurrency crisis which cost investors $40bn (£31.8bn) has finally been extradited to the United States.
Do Kwon was the boss of Terraform, which operated two cryptocurrencies - TerraUSD and Luna - both of which collapsed in 2022, sparking a wider sell-off in the crypto market.
The US says he was responsible for the coins' failure, accusing him of "orchestrating a multi-billion dollar crypto asset securities fraud".
Kwon fled South Korea after a warrant for his arrest was issued, eventually ending up in Montenegro where he has now been extradited from, following a lengthy legal battle.
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