Do Kwon, co-founder of Terraform Labs, has been extradited to the US by Montenegro, despite South Korea's desire for his extradition due to citizenship and pending charges. This move followed a lengthy extradition battle and Kwon's arrest in Montenegro in 2023, related to the collapse of Terra. In a related event, South Korean President Yoon Suk Yeol is facing court-ordered arrest for attempting to impose martial law. This decision came after Yoon was impeached and suspended from his position by parliament. Additionally, lawyer John Deaton has volunteered to investigate Operation Chokepoint 2.0, which allegedly aims to disrupt crypto companies' access to traditional banking systems. Meanwhile, China has enacted new foreign exchange rules requiring banks to monitor crypto transactions closely, impeding residents' ability to engage in crypto trading and associated illegal activities.

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