The Breakdown
Do Kwon Will Face US Justice
Dec 8, 2023
Crypto news newsmaker Do Kwon is facing extradition to the US. Other topics include a contested legal decision for CZ, a guilty plea from a crypto exchange founder, Elizabeth Warren's proposal for crypto firms, the launch of EUR Convertible stablecoin by Gen. Al, and the potential approval of spot Bitcoin ETFs.
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Quick takeaways
- Do Kwon, founder of Terraform Labs, may be extradited to the US.
- Anatoly Legg-Kodomo, founder of Bizlato, pleaded guilty to operating an unlicensed money transmitter and the exchange will be shut down with $23 million in seized assets forfeited.
Deep dives
Extradition plans for disgraced founder Dokkwan to US discussed
According to anonymous sources, Montenegro's top justice official plans to extradite Dokkwan, the founder of Terraform Labs, back to the US. After failing in previous appeals, if Dokkwan's latest appeal is unsuccessful, the decision has already been made to turn him over to US authorities.
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