Stablecoins are designed to have a relatively fixed price and are usually pegged to a real-world commodity or currency but Terra’s value collapsed during this year’s wider cryptocurrency crash. South Korean authorities say they believe Do Kwon, the failed cryptocurrency boss behind the $40bn collapse of the terraUSD and Luna tokens, is hiding in Serbia. Mr Kwon, 31, was charged with fraud and breaches of capital markets law after the tokens imploded in May. South Korea and Serbia do not have an extradition treaty but in the past both have agreed to requests under the European Convention on Extradition. Do you think that Do Kwon should be extradited ?

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