Do Kwon Sentencing Delayed: Judge Seeks Extradition Assurance for Terra (LUNA) Founder

A U.S. judge has postponed the sentencing of Terraform Labs co-founder Do Kwon, demanding clarity on whether he will be extradited and serve time in the United States. The delay centers on an "assurance" from South Korean authorities regarding Kwon's potential extradition. This development adds another layer of uncertainty to the legal proceedings following the catastrophic collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems in 2022, which erased billions in market value. The judge's decision underscores the complex international dimensions of the case as regulators globally seek accountability for the stablecoin's failure.