It seems like we are getting near the end of the Do Kwon/Terraform Labs/terra USD saga — Montenegro has (mostly) decided to return the founder of the financial Fyre Festival to his home country of South Korea.
Why it matters: His trial there is likely to be the last one we see stemming from the mess that was cryptocurrency in 2022.
Catch up fast: Terraform Labs made a few algorithmic stablecoins, most notably, terra USD (UST), that flamed out spectacularly when they went into a death spiral in May 2022.
A jury found Do Kwon liable for fraud in a U.S. civil trial in March.
Friction point: The U.S. really wanted to try Kwon.