Terra founder Do Kwon might be extradited to South Korea to face prison expenses over the collapse of his crypto enterprise, a Montenegrin courtroom dominated.
Kwon was arrested final 12 months whereas trying to journey with falsified paperwork
The U.S. and South Korea each requested his extradition, and Montenegrin authorities make the choice on the place he goes.
Do Kwon, a co-founder of Terraform Labs, might be extradited to South Korea to face prison expenses regarding the Could 2022 collapse of his multibillion-dollar crypto enterprise, a Montenegrin excessive courtroom has dominated, in keeping with native information stories from Thursday.
The South Korean nationwide efficiently appealed an earlier ruling by the identical courtroom, which permitted his extradition to the U.S. It is seemingly he will even problem this newest resolution.
Following Terra’s collapse, Kwon managed to evade South Korean authorities for a while till he was arrested final 12 months in Montenegro whereas trying to journey with faked paperwork. Kwon was arrested alongside former Terra government Han Chang-joon, who was extradited to South Korea in February.
Kwon has remained in Montenegro, first serving a four-month sentence for possession of falsified paperwork after which later till a call on his extradition is made.
The U.S. and South Korea each requested Kwon’s extradition. Within the U.S., Kwon faces a securities fraud trial.
Learn extra: Do Kwon Tries to Delay SEC’s Terraform Trial so He Can Attend