Browsing:Do Kown

Do Kwon Faces Extradition to South Korea, Prosecutors Seek 40-Year Sentence
10 months ago 1 min read

Do Kwon Faces Possible 40-Year Sentence as Prosecutors Seek Extradition to South Korea

Authorities in South Korea and the United States are vying to extradite Do Kwon, founder of Terraform Labs, after his arrest in March. Kwon was apprehended by Montenegrin police as he attempted to flee to Dubai using fake travel documents. Both South Korean and U.S. authorities want to prosecute Kwon for fraud charges relating to the LUNA and UST tokens, which were designed by Kwon and other employees of Terraform Labs. The Securities and Exchange Commission had already charged Kwon with fraud and securities law violations, but he attempted to delay regulators by filing a court motion. However, Dan Sung-han,