The Montenegrin court has given approval for the extradition of Do Kwon, the founder of Terra, to either South Korea or the United States. However, before the extradition process begins, Kwon will serve a four-month prison sentence in Montenegro for document forgery. Kwon has also been charged with fraud in the US and is facing civil charges and an investigation in South Korea. Another co-founder of Terra, Daniel Shin, has been indicted in South Korea for violations of capital markets laws, with $185 million in assets frozen. Shin denies involvement in the collapse of the company. Terra's stablecoin, TerraUSD, lost its peg to the US dollar last year.
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