Terra creator Do Kwon to South Korea

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.

• Su Zhu served his time for Three Arrows Capital; it doesn't look like his partner Kyle Davies will go to trial.
• FTX's Sam Bankman-Fried has been sentenced, though his appeal might end up being heard.
• Celsius CEO Alex Mashinsky will be tried next month.

What we're watching: Anyone heard from the guys behind Wonderland and Olympus DAO?

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.