Do Kwon, the founder of Terra, a popular blockchain-based payment system, who was arrested in the United States on charges of fraud and embezzlement, may be handed over to South Korea for further investigation and prosecution. Kwon, who has been described as a fugitive, is currently being held in custody in the United States.

Kwon's arrest and potential extradition highlights the growing focus and attention on financial crime and market manipulation in the cryptocurrency industry, and underscores the need for greater transparency and accountability in the industry. As more businesses and individuals seek to participate in the market, there is growing demand for effective and efficient regulatory frameworks that protect against financial crime and other risks.

The arrest of Kwon is a reminder of the risks and challenges facing the cryptocurrency industry, and highlights the need for effective and fair regulatory frameworks that protect investors and promote innovation and growth. However, potential investors should carefully consider the risks before investing in any cryptocurrency or crypto-related project, as the market remains highly volatile and unpredictable.

(By Ashish Kumar)