Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
The appeals court struck down the previous extradition order, citing violations of the court's procedural codes.
Oluwapelumi Adejumo 2 min read 
The embattled crypto tycoon faces extradition to either the United States or South Korea where he is wanted for his role in Terra's collapse.
Montenegro's justice minister is reportedly leaning toward handing the controversial ex-crypto mogul over to the U.S., though no public statements to that effect have yet been made.
The SEC argues the matter at hand is a legal question, not a question of facts, and therefore should be left to the court.
A judge has threatened to sanction the SEC over its actions toward DEBT Box. Terra says that this development supports its request for summary judgment.
Though it has not alleged any wrongdoing, the SEC believes that the firm's involvement was instrumental in the collapse of Terra's UST stablecoin in May 2022.
While the defunct coin was up only 40% at press time, a huge spike in volume and price over the last 24 hours has drawn attention.
Montenegro court update: Do Kwon closer to facing charges in US/South Korea after UST debacle.
The regulator alleges that Terraform and Kwon orchestrated a fraudulent scheme that led to the loss of $45 billion.
