US Loses Out To South Korea Over Extradition Of Terraform Labs' Do Kwon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
0mins
Source: Benzinga
Extradition Decision: Do Kwon, co-founder of Terraform Labs, will be extradited from Montenegro to South Korea after a court ruling rejected a U.S. extradition request, with the final decision pending from Montenegro's Minister of Justice.
Legal Background: Kwon faces ongoing litigation related to the collapse of TerraUSD and Terra cryptocurrencies, which resulted in over $40 billion in losses for investors, and he was previously apprehended for using a fake passport while attempting to flee.
Analyst Views on UST
Wall Street analysts forecast UST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UST is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 43.301
Low
Averages
High
Current: 43.301
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
