The entrepreneur behind the $40bn collapse of crypto token TerraUSD, Do Kwon could be extradited to the US or South Korea to answer fraud charges following a court ruling in Montenegro.

He sparked an international manhunt after fleeing an investigation in his native country of South Korea, following the sudden collapse of the TerraUSD and its sister token, luna.

He was caught as he tried to leave Podgorica airport on a Costa Rican passport and sentenced to four months in prison in Montenegro. Kwon is sought by both the US and South Korea on fraud charges.

So with the fall of another Crypto heavyweight, what does this do to the industry and should customers be concerned?