Do Kwon extradition

Do Kwon, co-founder of Terraform Labs, is set to be extradited from Montenegro to South Korea after the Montenegrin Court of Appeal upheld this decision, rejecting a U.S. extradition request. Kwon faces serious charges related to the $40 billion collapse of the Terra/LUNA ecosystem, which marked a significant downturn in the cryptocurrency market in 2022. Initially arrested in March 2023 while attempting to travel with a fake passport, Kwon has since navigated a complex legal process with multiple conflicting extradition rulings. The latest court decision is seen as final, although further appeals cannot be ruled out, and Kwon remains in a shelter near Podgorica awaiting extradition. Meanwhile, the news has negatively impacted the price of LUNC, which dropped by 6.39%. Kwon's legal troubles also extend to a civil fraud ruling in the U.S., where he faces additional criminal charges from authorities.