Do Kwon, arrest of Do Kwon, TerraUSD, Luna, cryptocurrency

Do Kwon, the founder of TerraUSD and Luna, is facing legal trouble after the collapse of his cryptocurrency tokens, resulting in a $40 billion market loss. Kwon and his associate were detained in Montenegro while attempting to flee to Dubai. South Korea and the US are seeking his extradition, but Montenegrin officials may wait for local legal proceedings to conclude. Kwon’s detention has sparked political turmoil in Montenegro, with allegations of connections to a politician who invested in Luna. Kwon is accused of deceiving investors and secretly accumulating crypto wealth. The collapse of TerraUSD had global repercussions, affecting investors worldwide.