Crypto King Do Kwon Extradited Amid $40B Luna Crash

After 18 months on the lam, Do Kwon, dubbed the 'cryptocurrency king,' was extradited from Montenegro to the US in December 2024 to face fraud charges tied to the $40 billion TerraUSD and Luna collapse. Arrested in March 2023 for fake passports, Kwon’s actions sent shockwaves through the crypto market, plummeting Luna from $22B to $200M. His $80M SEC fine and crypto ban signal a pivotal crackdown in digital finance.